Markets’ Globalization and Emerging Economies The MINTs Economic Growth: Developments and Prospects.

In a few years’ time, the acronym BRICS has become a real point of reference for all experts and for everyone who is interested in those subjects which are linked to the new emerging economies and to the world competitive dynamics. Even other acronyms and abbreviations coined by different institutional investors, merchant banks and economists were successful. In fact, such terms as “Next Eleven”, “EAGLEs”, “CARBS”, “MIKT” e “E-7” are just some of the most known in the rich dedicated literature. Recently, emerging Countries have suffered a dramatic cut in their investments involving the main industrial sectors and many analysts questioned the firmness of their economic systems over the long period. Though interest and enthusiasm raised by emerging Countries have gradually faded in the mind of investors and multinationals, some of them are still drawing the attention, as it is the case of those Countries known as MINT (Mexico, Indonesia, Nigeria, Turkey), that are showing interesting economic growth rates. These areas share a number of factors that are particularly attractive to the main international investors and are likely to offer, in the next future, plenty of opportunities for development that are presently difficult to be quantified. The above mentioned factors can be detailed as follows: a young population (even quite large), a strategic geographical position, as well as (with the partial exception of Turkey) the presence of plentiful supplies of raw materials. The data issued by the World Bank at the beginning of February 2015 support the expectations raised by these new actors on the world economic scene for some years. In fact, the data show the remarkable growth expected for the MINTs over the next 3 years with Nigeria and Indonesia in the lead, considering that the two countries are supposed to record real GDP growth rates ranging from 5.5 to 6 percent by 2017. Turkey and Mexico, though recording lower numbers (between 3.3% and 4% over the next three years), show rates that are definitely higher than the average reported by the other Countries covering the same area (Indonesia alone does not follow this trend because its continental area is characterised by highly emerging and competitive contexts); Mexico is highly representative as it is supposed to grow by 1 to 1.5 percent more compared to the rest of Latin America and the Caribbean area that are considered as reference areas.