Are MIST Countries Becoming the New BRICS?

amoy

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New terms MIST and N11 have been coined :rofl:



Are MIST Countries Becoming the New BRICS?
08.08.2012, 09:07
For many investors, Mexico, Indonesia, South Korea and Turkey have taken over from the BRICS becoming the four biggest emerging markets, and growing faster than their major rivals.

BRICS inventor Jim O'Neil from Goldman Sachs proposed the new term MIST term for Mexico, Indonesia, South Korea and Turkey, which are the four biggest markets in the Goldman Sachs N-11 Equity Fund.

The Fund was launched in February, 2011 to invest in what O'Neill considers the next big 11 emerging markets, and has climbed 12% this year, compared with a 1.5% growth of Goldman Sachs's fund for Brazil, Russia, India and China.

"We see steady inflows into the Next 11 fund each week," Jim O'Neill from Goldman Sachs told Bloomberg. "It hasn't been affected by the disappointment in the US and obviously the European markets especially, and all the disappointment in some of the BRIC markets."

The MIST economies more than doubled during the last decade, according to Bloomberg, and continue surging despite global economy concerns. Mexico's IPC Index has climbed 11% this year, comparing with a 2.8% growth of Brazil's Bovespa. Meanwhile Turkey's ISE National 100 gained 28 percent, compared to 13% gain of BSE India Sensitive Index and 2.6% gain in Russia's MICEX.

Though the MIST nations outperformed the BRICS in pace of growth, its economic output still can't approach the BRICS. Total GDP for the MIST nations was $3.9 trillion last year, compared to $13.5 trillion of BRIC economies and $7.3 trillion for China alone.

Besides the MIST nations, the N-11 countries include Bangladesh, Egypt, Nigeria, Pakistan, the Philippines, Vietnam and Iran. However, Goldman Sachs says its fund doesn't invest in Iran because it isn't an open market for foreign investors.
 

farhan_9909

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certainly Indonesia is capable of replacing India in BRICS.
Considering that India growth is never stable even for 5 years
 

Bangalorean

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^^ Exactly what I thought. South Korea is more developed than many European countries. It is uber-developed.

Stupid terminology.
 

Sunder singh

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certainly Indonesia is capable of replacing India in BRICS.
Considering that India growth is never stable even for 5 years
i know dream about replacing india in BRICS give orgasm to pakis they even run a thread in another forum.
can you explain how will indonesia 1 trn. economy replace in nearly double size economy for ur kind information even in worst day of india and best day for indonesia these days the gpd growth rate of both nation nearly equal around 6 % plus minus.
 

farhan_9909

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i know dream about replacing india in BRICS give orgasm to pakis they even run a thread in another forum.
can you explain how will indonesia 1 trn. economy replace in nearly double size economy for ur kind information even in worst day of india and best day for indonesia these days the gpd growth rate of both nation nearly equal around 6 % plus minus.
lol 6% growth

better economic conditions at present
less deficiet
less inflation

not to forgot that there growth is over 6%
while Indian as per imf decreased to 4.9% for next year

get your self updated and stop thinking about orgasm

today news
IMF cuts India growth forecast to 4.9% - The Times of India
 

Singh

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How about some facts and figures comparing MIST with BRICS ?
 

Armand2REP

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If you want a true MIST, scratch S. Korea and add South Africa.
 

Tronic

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lol 6% growth

better economic conditions at present
less deficiet
less inflation

not to forgot that there growth is over 6%
while Indian as per imf decreased to 4.9% for next year

get your self updated and stop thinking about orgasm

today news
IMF cuts India growth forecast to 4.9% - The Times of India
Even using those figures;

Pakistan GDP = $211.09 billion * 2.4% growth rate = $5 billion growth one annum

Indonesia GDP = $846.83 billion * 6% growth rate = $50.8 billion growth one annum

India GDP = $1.85 trillion * 4.9% growth rate = $90.65 billion growth one annum

It's the size of the market which counts, not just growth rates.

Indonesia can replace India only if Indonesia consistently outperforms India in growth rate, and even than, it will take it more than a decade to catch up.
 

The Messiah

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Is it a coincidence that all the countries in this MIST are actually lackeys ?
 

pmaitra

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M
I
S
T

exico - Grappling with drug-lords.
ndonesia - Somewhat sane, but a tinderbox.
outh Korea - Sane, technically forward, but struggling to be at ease with its northern brother.
urkey - grappling with Kurdish insurgency, hosting and exporting terrorists to Syria, and trying to abuse NATO clauses.
 

civfanatic

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Indonesia has the most potential out of the countries listed, but Turkey is the one that is most likely to surge forward at the strongest pace. Provided, however, that they maintain their progressive secular outlook and don't succumb to Islamism.
 
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Malaysia could probably replace Mexico in M. Even with NAFTA Mexico is not producing
growth one would expect. Indonesia a country leaning more towards fundementalism would
discourage investments could be replaced by Israel.Taiwan should replace Turkey in T
bigger economy and growth in Taiwan major semiconductor producer. Argentina should have made this list?
 
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farhan_9909

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Even using those figures;

Pakistan GDP = $211.09 billion * 2.4% growth rate = $5 billion growth one annum

Indonesia GDP = $846.83 billion * 6% growth rate = $50.8 billion growth one annum

India GDP = $1.85 trillion * 4.9% growth rate = $90.65 billion growth one annum

It's the size of the market which counts, not just growth rates.

Indonesia can replace India only if Indonesia consistently outperforms India in growth rate, and even than, it will take it more than a decade to catch up.
your using 2012 data for Pakistan

our gdp is now 228 billions and last year growth rate was 3.7% while next year planned 4.7%

228 *4.7% growth=10.8billions usd.while this will increase as the growth increase next year more and economy getting bigger

there is no doubt if had continued 8.4% since 2004.we would have been Atleast above 300billions above economy by now

but thanks to wot
 

amoy

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Another I - Iraq, may have been overlooked somehow, as recovering from rubbles. Iraq once outweighed Egypt in the Arab World.

Iraq predicts 10pc growth next 3 years
Kasim said he hoped the rate of GDP increase would breach 10 percent after the three-year period if other sectors outside of the oil industry saw increased investment.

The central bank expects that Iraq's federal reserves will hit around $75 billion by the end of 2013 from $67 billion currently if oil prices stay at present levels and exports continue to perform as estimated, Kasim said.

Oil prices steadied on Monday, with Brent October futures up 17 cents at $114.74 per barrel by 1200 GMT after jumping nearly $2 on Friday. US crude futures eased 15 cents to $96.32.
Iraq Plans to more than Double Northern Oil Output | Iraq Business News
the planned increases for various fields would bring the total to about 1.3 million bpd, from a current level of about 600,000 bpd.
 

maomao

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pakistan which is an international beggar and an islamic failed state - does not look good talking about flaws in powerful economies.....What I'm observing these days is that islamcily delusional and frustrated pakis even vomit regarding USA (their master) in the most shameless fashion as if their failed islamic state of pakistan is some type of an economic powerhouse! Then I look at them and realize that they have nothing to lose or live for they have destroyed their islamic nation and heading towards another disintegration -- so these islamic demented pakis have wet dreams of destroying the whole non-muslims world! ;)
 

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