CIVETS

This article is about the group of nations known as CIVETS. For other uses, see Civet (disambiguation).

CIVETS countries: Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa

CIVETS is an acronym for six emerging market countries identified for their rapid economic development: Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa.[1] The term was coined in 2009 by Robert Ward of the Economist Intelligence Unit to describe nations demonstrating particularly strong growth potential. Common characteristics include "diverse and dynamic" economies, "young, growing population[s]",[2] and "relatively sophisticated financial systems".[3]

CIVETS is comparable to similar economic groupings such as BRICS and the Next Eleven,[4] both devised by former Goldman Sachs economist Jim O'Neill to identify markets deemed most advantageous to investors.[5][6] All three terms are examples of "acronym investing", in which investments are targeted to a group of otherwise disparate markets that share a common feature.[7]

  1. ^ City Diary (12 July 2010). "Geoghegan digests and delivers new acronym". London: Telegraph.co.uk. Retrieved 28 June 2012.
  2. ^ "From West to East" (PDF). HSBC. Retrieved 2 July 2012.
  3. ^ "The Civets: a guide to the countries bearing the world's hopes for growth". the Guardian. 20 November 2011. Retrieved 7 December 2022.
  4. ^ Moore, Elaine (8 June 2012). "Civets, Brics and the Next 11". Financial Times.
  5. ^ Johnson, Steve (12 September 2010). "Next 11 and Civets vie to be Next Bric Thing". Financial Times.
  6. ^ "BRICs, CIVETS, and PIGS: What's in a name?". Christian Science Monitor. ISSN 0882-7729. Retrieved 7 December 2022.
  7. ^ Cohn, Carolyn (2014). "BRIC, MINT, CIVETS: Money Managers Are So Over Investing in Catchy Acronyms". Business Insider. Retrieved 7 December 2022.