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Course & Subject Guides

Latin American Resources @ Pitt: Emerging Markets

This guide is designed to highlight important resources for the study of Latin America and the Caribbean as well as to identify major national and international resources.

Emerging Markets - BRICS & CIVETS

The countries below are linked to  Emerging Markets - BRICS & CIVETS Resources @ Pitt LibGuide that provides selected high-quality resources for those interested in emerging market economies. It features individual country pages as well as sources searchable by topic or country.

What are BRICS and CIVETS?

BRIC, an acronym coined by Goldman Sachs economist Jim O'Neill in 2001, refers to the 4 fastest growing emerging economies over the previous decade. The countries differ immensely geographically, politically, socially, economically, and culturally but share strong growing and emerging economies. In 2011, South Africa was formally accepted into the BRIC alliance.

BRIC or BRICS refers to:

Variations include: BRIICS which includes Indonesia and South Africa with the original 4 countries.

CIVETS, an acronym coined by economists at the EIU (Economist Intelligence Unit) in 2008, refers to Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa. These emerging market countries are widely regarded as the most likely to rise quickly in economic prominence over the coming decades. The acronym plays off the term BRIC (Brazil, Russia, India, and China) which indicates the fastest growing emerging economies over the last decade. (  

CIVETS countries, the next generation of "tiger economies," share fast growing, relatively diverse economies as well as large, young (under 30) populations. As a result the countries have great potential for high growth in domestic consumption. These countries include:

Click on the country's name link above, or select from the drop-down menu under the "Resources by Country" tab above.


Map of O'Neill's BRICS countries

Brazil, Russia, India, China and South Africa

Image courtesy of Quora. 


Map of EIU's CIVETS Countries

Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa


Image courtesy of Wikipedia.