Topic
Presented by Group 1
MINT
IS
A
NEOLOGISM
REFERRING
TO
THE
ECONOMIES
OF MEXICO, INDONESIA, NIGERIA, AND TURKEY. THE TERM WAS
ORIGINALLY COINED B...
The Mint countries: Next economic
giants?

Projected growth in average income
(thousands $)
2000

2012

2050
(projected)

...
MINT COUNTRIES – CURRENT DATA

Country

GDP (PPP)
Population
(2013)

GDP
(nominal)
(2013)

GDP GDP per
per
capita
capita (...
Mexico

Mexico in 2050
GDP in USD

$9.340
trillion

GDP per capita

$63,149

GDP growth (2015–2050)

4.0%

Total populatio...
Indonesia
• With its large population, Indonesia will be ranked seventh in
gross domestic product (GDP) by 2050 based on a...
Nigeria
Nigeria is a middle-income, mixed economy
and emerging market, with expanding financial,
service, communications, ...
Turkey
• Turkey's economy grew 10.3% last year, faster than
China, and was the third fastest growing economy in
the world....
According to a survey by Forbes magazine, Istanbul, Turkey's financial
capital, had a total of 28 billionaires as of March...
REFERENCES:
• Wright, Chris (6 January 2014). "After The BRICS Are The MINTs, But Can You Make Any Money From Them?
• Fras...
Mint state
Mint state
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Mint state

  1. 1. Topic Presented by Group 1
  2. 2. MINT IS A NEOLOGISM REFERRING TO THE ECONOMIES OF MEXICO, INDONESIA, NIGERIA, AND TURKEY. THE TERM WAS ORIGINALLY COINED BY FIDELITY, A BOSTON-BASED ASSET MANAGEMENT FIRM, AND WAS POPULARIZED BY JIM O'NEILL OF GOLDMAN SACHS, WHO HAD CREATED THE TERM BRIC. THE TERM IS PRIMARILY USED IN THE ECONOMIC AND FINANCIAL SPHERES AS WELL AS IN ACADEMIA. ITS USAGE HAS GROWN ESPECIALLY IN THE INVESTMENT SECTOR, WHERE IT IS USED TO REFER TO THE BONDS ISSUED BY THESE GOVERNMENTS. THESE 4 COUNTRIES ARE ALSO ON THE NEXT ELEVEN COUNTRIES LIST. Born Terence James O'Neill 17 March 1957 Manchester, United Kingdom Nationality British Alma mater Sheffield University University of Surrey Employer Goldman Sachs Known for BRIC economic theory Spouse(s) Married Children 2
  3. 3. The Mint countries: Next economic giants? Projected growth in average income (thousands $) 2000 2012 2050 (projected) SOURCES: IMF, GOLDMAN SACHS Mexico 7.0 10.6 48.0 Indonesia 0.8 3.6 21.0 Nigeria 0.2 1.4 12.6 Turkey 4.1 10.6 48.5
  4. 4. MINT COUNTRIES – CURRENT DATA Country GDP (PPP) Population (2013) GDP (nominal) (2013) GDP GDP per per capita capita (nomina (PPP) l) (2013) (2013) Exports (2012) Imports (2012) Trade (2012) HDI (2012) 118,337,000 $1,845 billion $1,327 $15,60 $11,224 billion 7 $370.9 billion $370.8 billion $741.7 billion 0.775 Indonesia 237,641,000 $1,285 billion $867.5 $5,181 billion $3,498 $187.0 billion $178.5 billion $365.5 billion 0.629 Nigeria 174,507,539 $478.5 billion $292.0 $2,827 billion $1,725 $95.68 billion $53.36 billion $149.0 billion 0.471 Turkey 73,723,000 $1,167 billion $821.8 $15,26 $10,744 billion 3 $163.4 billion $228.9 billion $392.3 billion 0.722 Mexico
  5. 5. Mexico Mexico in 2050 GDP in USD $9.340 trillion GDP per capita $63,149 GDP growth (2015–2050) 4.0% Total population 142 million Due to Mexico's rapidly advancing infrastructure, increasing middle class and rapidly declining poverty rates it is expected to have a higher GDP per capita than all but three European countries by 2050, this new found local wealth also contributes to the nation's economy by creating a large domestic consumer market which in turn creates more jobs
  6. 6. Indonesia • With its large population, Indonesia will be ranked seventh in gross domestic product (GDP) by 2050 based on a prediction by Jim O'Neill about BRIC and other prominent countries. Indonesia has a mixed economy in which both the private sector and government play significant roles. The country is the largest economy in Southeast Asia and a member of the G-20 major economies. Indonesia's estimated gross domestic product (nominal), as of 2012 was US$928.274 billion with estimated nominal per capita GDP was US$3,797, and per capita GDP PPP was US$4,943 (international dollars). June 2011: At World Economic Forum on East Asia, Indonesian president said Indonesia will be in the top ten countries with the strongest economy within the next decade. • Indonesia is the world's fourth most populous country after China, India, and the USA and the world's third most populous democratic country after India and the USA. In 2009, BRIC and Indonesia represented about 42 and 3 percent of the world's population respectively and about 15 percent of global GDP altogether. All of them are G20 countries. By 2015, Internet users in BRIC and Indonesia will double to 1.2 billion. At 2009, Indonesia was the only member of the G20 to lower its public debt-to-GDP ratio: a positive economic management indicator.
  7. 7. Nigeria Nigeria is a middle-income, mixed economy and emerging market, with expanding financial, service, communications, and entertainment sectors. It is ranked 30th (40th in 2005, 52nd in 2000), in the world in terms of Gross Domestic Product at purchasing power parity as of 2012, and 3rd largest within Africa (behind South Africa and Egypt), on track to potentially becoming one of the 20 largest economies in the world by 2020. Its re-emergent, though currently under-performing, manufacturing sector is the third-largest on the continent, and produces a large proportion of goods and services for the West African region.
  8. 8. Turkey • Turkey's economy grew 10.3% last year, faster than China, and was the third fastest growing economy in the world. Economic growth came mainly from construction, rather than exports like China and Russia. Construction alone makes up 6% of the Turkish economy, but if one counts the various industries related to construction (Steel, Timber, energy used and purchased) construction and the related industries made up some 30% of the economy. Turkey also has a very large domestic consumption base, and some 3 major auto companies. In 2011 Turkey had the world's 15th largest GDP-PPP and 18th largest Nominal GDP. By 2050 this nominal GDP is set to grow to $4.45 trillion USD to become the 14th largest nominal GDP in the world. The country is a founding member of the OECD(1961) and the G-20 major economies (1999). Since December 31, 1995, it has been part of the EU Customs Union. Mean wages were $8.71 per man-hour in 2009. Turkey grew at an average rate of 7.5 percent between 2002 and 2006, faster than any other OECD country.
  9. 9. According to a survey by Forbes magazine, Istanbul, Turkey's financial capital, had a total of 28 billionaires as of March 2010 (down from 34 in 2008), ranking 4th in the world behind New York City (60 billionaires), Moscow (50 billionaires), and London (32 billionaires). In 2012, Istanbul ranked 5th in the world with 30 billionaires, behind Moscow (78 billionaires), New York City (57 billionaires), London (39 billionaires), and Hong Kong (38 billionaires). Turkey's major cities and its Aegean coastline attract millions of visitors every year. The CIA classifies Turkey as a developed country. It is often classified as a newly industrialized country by economists and political scientists.
  10. 10. REFERENCES: • Wright, Chris (6 January 2014). "After The BRICS Are The MINTs, But Can You Make Any Money From Them? • Fraser, Ian (May 10, 2011). "Fidelity is confident its MINTs won't suck". • BOESLER, MATTHEW (NOV. 13, 2013). "The Economist Who Invented The BRICs Just Invented A Whole New Group Of Countries: The MINTs". Business Insider. Retrieved 7 January 2014. • Magalhaes, Luciana (Dec 9, 2013). "O’Neill, Man Who Coined ‘BRICs,’ Still Likes BRICs, But Likes MINTs, Too". Wall Street Journal. Retrieved 7 January 2014. • Global Economics Paper No: 153 The N-11m: More Than an Acronym, March 28, 2007. • Internet users in BRIC countries set to double by 2015 • Thu, 2 Sep 2010. "South Asia Hello". Archive.wn.com. Retrieved 2010-10-15. • "Indonesia’s economy continues to surprise". East Asia Forum. 2010-09-25. Retrieved 2010-10-15. • The World Bank: World Development Indicators Database. Gross Domestic Product 2011, PPP. Last revised on 18 September 2012. • The World Bank: World Development Indicators Database.Gross Domestic Product 2011. Last revised on 18 September 2012. • BBC News Magazine: The MINT countries: Next Economic Giants? Last revised on 6th January 2013 • Forbes: The World's Top 10 Billionaire Cities in 2008 • Forbes Billionaires List, Cost Of Living in Forbes Magazine article "Billionaires List, Cost Of Living". March 29, 2010. • Forbes: Moscow beats New York, London in the list of Billionaire Cities • Forbes: Top 10 billionaire cities in 2012: Istanbul • Developed Countries, CIA World Factbook. • Mauro F. Guillén (2003). "Multinationals, Ideology, and Organized Labor". The Limits of Convergence. Princeton University Press. pp. 126 (Table 5.1). ISBN 0-691-11633-4. • David Waugh (3rd edition 2000). "Manufacturing industries (chapter 19), World development (chapter 22)". Geography, An Integrated Approach. Nelson Thornes Ltd. pp. 563, 576–579, 633, and 640. ISBN 0-17-444706X. • N. Gregory Mankiw (4th Edition 2007). Principles of

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