They say the BRIC countries are over the hill, in terms of returns on hot-money investments, and it's all about the MINT group now, where Nigeria is the N. I'm loving it (with due caution of course.)
The private-equity wizards at the conference are excited about Africa’s prospects over the next decade.
By 2050 [NIGERIA] will have a population the size of America’s. If it
can make all those people more productive, Nigeria will be a “big, big
economy”. How might it achieve this? The conditions that set the stage
for faster growth are well known: sober monetary and fiscal policy;
protection of property rights; education; openness to trade and
technology. The search for the perfect policy mix is not what matters; the trick is to “focus on it”. Source: Africa's Economic Prospects
BRIC: Brazil-Russia-India-China
MINT: Mexico-Indonesia-Nigeria-Turkey
You may also read Investors Turn From BRIC to MINT
No comments:
Post a Comment