Around the world in 12 business acronyms

Wednesday, November 17, 2010 | Posted by: Fiona Cullinan
Categories: Brazil, China , Russia, Korea, India | Tags: business, growth, emerging markets, list, BRIC, CIVETS, groupings, size, potential, acronyms

A swathe of new international political and economic groupings seems to be competing for the next generation of becoming the acronym king, the latest of which arrived this week in the form of the EAGLES. We’ve rounded them all up – how many do you recognise?

ARABRIC
A suggested name for Middle East trade agreements with BRIC countries.

BICIS
For those who think Russia is losing ground to Indonesia (see BRICS below).

BRIC
The original acronym from 2001 denoting the huge growth potential of Brazil, Russia, India and China. It has spawned a few extensions…

BRICET
Tagging on Eastern Europe and Turkey.

BRICK
South Korea gets a nod.

BRICS
The rise of South Africa makes it plural.

Chindonesia
Chindia (China, India) is now being linked with Indonesia to form a new Asian growth triangle. Who needs an acronym when this lovely portmanteau of nations just rolls of the tongue?

CIVETS
Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa. Said to be the new BRICs.

EAGLES
A general term for Emerging and Growth-Leading Economies, based on growth rate rather than size. Suggestions include: China, India, Brazil, South Korea, Indonesia, Russia, Mexico, Turkey, Egypt and Taiwan.

PIGS
Portugal, Italy, Greece, Spain. Other variations of debt-ridden European nations include PIIGGS, adding in Ireland and Great Britain.

MAVINS
Mexico, Australia, Vietnam, Indonesia, Nigeria and South Africa – Business Insider’s selection of countries with enormous growth potential.

N-11
The ‘Next 11’ – those set to join the original BRIC countries as the largest economies in the world.

Did we miss any? Let us know.

You might also find these posts useful:

* Emerging Markets Summit 2010 insights
* How are regional UK businesses embracing emerging markets?
* India Watch issue 10