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Emerging Markets - BRICS & CIVETS Resources @ Pitt (Brazil, India, Russia, China, South Africa & Colombia, Indonesia, Vietnam, Egypt, Turkey, South Africa and more ...): Other Emerging Economies

This guide is designed to provide 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.

EAGLES - Emerging And Growth Leading Economies

Emerging Markets without China and India

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The Spanish bank BBVA has proposed the use of the term EAGLE to cover the world’s Emerging and Growth-Leading Economies. The member states of this exclusive EAGLEs club are:

What are the "Next 11 / N-11 emerging markets?

In 2001, Jim O’Neill, Goldman Sachs' chief economist, created the term BRIC.  In 2005 he identified the “Next 11” (N-11) growth markets - the countries that are widely regarded as the most likely to rise quickly in economic prominence over the coming decades.

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The N-11 or  "Next 11" emerging market countries are Bangladesh, Egypt, *IndonesiaIran, * Mexico , Nigeria, Pakistan, Philippines, * South Korea, * Turkey, Vietnam .   

* = MIST or MIKT countries of Mexico, Indonesia, South Korea and Turkey are O'Neill's most promising quartet of the N-11 countries.

More recently O'Neill has coined another term – "MIST" or “MIKT” or "TIMS" – to describe a quartet of the Next 11 countries that appear to be the most promising for western investors: Mexico, Indonesia, South Korea and Turkey.

What are RGMs, EAGLEs, and PIGS?

Other country acronyms include PIGS (debt-troubled nations of Portugal, Ireland, Greece, and Spain)

MIKT or MIST or TIMS - which refer to a group of hard-working, high-achieving countries (Mexico, Indonesia, South Korea, and Turkey).

  • Mexico,
  • Indonesia,
  • South Korea, and
  • Turkey

Civets, Brics and the Next 11
By Elaine Moore, Financial Times,  June 8, 2012

In 2008, a rival group was proposed by Robert Ward at the Economist Intelligence Unit, who came up with acronym “Civets” to describe them: it stands for Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa. Ward says he thinks these six will be the next generation of emerging nations

...  Analysts point out that, growth potential aside, the countries tend to be extremely diverse, prone to stock market volatility, and governed by very different political systems.

June 8, 2012 6:38 pm

EAGLEs versus G7: A new G?
EAGLEs will be responsible of almost 60% of the new
World GDP in the next ten years (2011-2020) , Nest
almost 9%, whereas G7 will contribute around 16%


Liaison Librarian and Reference / Instruction

Lois Kepes's picture
Lois Kepes
G20-X Hillman Library (Ground Floor)


Tuesday evening appointments often available.

Credit for Country Pages

This research guide was created by Lois Kepes with the assistance of Dawnlyn Diehl, MLIS Graduate Student Intern at Hillman Library, University of Pittsburgh in 2012-2014. Dawnlyn researched the country pages.

Disclaimer about external resources

The links provided under the "External Web Resources" heading have been culled from independent sources.  Some are personal web pages, business pages, newspapers, government websites, etc. and most are not scholarly.