INGENIEUR
Acronyms for Groups of
Emerging Economies
FEATURE
By Samniang Saenram
W
ith the changing economic environment, the rapidly developing countries are playing an
increasingly important role in the global economic system. In fact, more than half of global
economic growth is now driven by emerging markets.
Investors will be attracted to these emerging economies for higher potential in growth and business
sustainability. Along with this shifting order of emerging economies, there are series of acronyms
attached to different groups of emerging economies for easy reference.
The commonly referred ones are BRICS, MINTS, CIVETS, EAGLE, N-11.
BRICS
Brazil, Russia, India, China , South Africa
The BRIC S member s are all developing or newly
industrialized countries, but they are distinguished by their large,
fast-growing economies and significant influence on regi