Refreshing Economic News: MINT Is The New BRICs

It's a New Year and so what better time for a new acronym. The MINT countries are sweeping the headlines thanks to renowned economist Jim O'Neill.

O'Neill, who gave the world BRICs, brought his series for UK national broadcaster BBC on the economic potential of Mexico, Indonesia, Nigeria and Turkey to a close yesterday.

He outlines the possibilities and the trials each country is facing - the question is, can MINT live up to the hype?

Mexico

Despite its problems, we've seen an unprecedented drive for change by the country's young government. Reform at every level, including financial regulation and fiscal affairs, has led to record FDI; Mexico has left investors with no doubt that it is preparing to become a competitor on the world economic stage.