MINTs (Mexico, Indonesia, Nigeria, Turkey)

AAA

DEFINITION of 'MINTs (Mexico, Indonesia, Nigeria, Turkey)'

An acronym coined by the major investment firm Fidelity in 2011 for a group of four countries—Mexico, Indonesia, Nigeria and Turkey—that are expected to show strong growth and provide high returns for investors over the coming decade. The MINTs have been grouped together because of their large populations, favorable demographics and emerging economies. The MINTs have smaller economies than the BRICs—Brazil, Russia, India and China, a group of emerging-market economies that enjoyed strong growth for a number of years—but as the BRICs’ growth slowed (with the exception of China), investors turned their attention to MINTs, which analysts expected to be the next big thing.

INVESTOPEDIA EXPLAINS 'MINTs (Mexico, Indonesia, Nigeria, Turkey)'

Despite their prospects for becoming part of the top 10 global economies by 2050, MINTS are far from a surefire investment. These countries are still troubled by corruption and political instability, and may have experienced significant problems in the not-so-distant past. For example, Turkey experienced an economic crisis and had to be bailed out by the International Monetary Fund in 2001, but the country has become a viable investment since it has implemented changes designed to prevent the recurrence of those problems.

MINTs also have large, young populations, which make for a strong work force; have legal systems favorable to business growth; have governments that are pro-economic growth; are geographically well-positioned for trade; and aren’t overly dependent on a single industry. Nigeria is included because of its natural resources, large population, well-regulated and well-capitalized banks, and opportunities to expand retail credit. Mexico is expected to grow as the U.S. economy recovers further from the recession of 2008, and Indonesia’s workforce is considered a major asset. The MINTs are also poised to become major exporters of both raw and finished goods, and Nigeria, Mexico and Indonesia are already major oil exporters. Indonesia is also growing thanks to its coal exports to China, and Nigeria has the largest economy in Africa. Turkey may be the weak link in the bunch, as it struggles with high inflation and doesn’t produce commodities. Still, investors hope that MINTs will prove to be as savvy an investment as the BRICs did, with strong growth in GDP and stock prices.

RELATED TERMS
  1. Lion economies

    A nickname given to Africa's growing economies.
  2. TIMP (acronym)

    'TIMP' is an acronym that stands for 'Turkey, Indonesia, ...
  3. Next Eleven

    Also known as N-11, these are the eleven countries that, according ...
  4. Foreign remittance

  5. Factor Income

    Income received from the factors of production – land, labor, ...
  6. Balance Of Payments (BOP)

    A record of all transactions made between one particular country ...
Related Articles
  1. Forex

    What to Expect After the Swiss Currency Shock

    What to expect for the world economy after the Swiss currency shock.
  2. Economics

    No Exit: What Could Happen If the Eurozone Breaks Up?

    There is no exit strategy for nations in the eurozone or the EU because most members acknowledge that they are far better off together than apart.
  3. Economics

    What are some limitations of the consumer price index (CPI)?

    Explore some of the basic limitations of the widely used economic indicator, the consumer price index, or CPI, and examine the criticism of its accuracy.
  4. Economics

    Can the consumer price index (CPI) for individual areas be used to compare living cost among areas?

    Understand why the Consumer Price Index, or CPI, cannot appropriately be used for comparing the cost of living across different areas of the country.
  5. Economics

    Does the consumer price index (CPI) correlate with the change in price of goods and services?

    See why the consumer price index is a questionable proxy for inflation, and why it is unlikely to represent experiences with price changes accurately.
  6. Economics

    Is the consumer price index (CPI) a cost of living index?

    Explore the consumer price index (CPI) and understand why it is not an actual cost of living index although it is often identified as one.
  7. Investing

    What Are The Latest News On The Beer Industry?

    Beer isn’t a traditional commodity, as there are no futures markets associated with it, but it is considered an alternative investment.
  8. Economics

    How do debt issues affect governments' abilities to run fiscal deficits?

    Read about whether or not debt issues affect the federal government's ability to run fiscal deficits, and find out what those impacts are.
  9. Fundamental Analysis

    What's the difference between r-squared and adjusted r-squared?

    Learn how R-squared and adjusted R-squared values differ, how they are calculated, the relationship between them and how to use them to make accurate estimates.
  10. Economics

    How Demographics Drive The Economy

    Demographics can have a profound effect on the economy. An aging population coupled with a declining birthrate points to a decline in economic growth.

You May Also Like

Hot Definitions
  1. Command Economy

    A system where the government, rather than the free market, determines what goods should be produced, how much should be ...
  2. Prospectus

    A formal legal document, which is required by and filed with the Securities and Exchange Commission, that provides details ...
  3. Treasury Bond - T-Bond

    A marketable, fixed-interest U.S. government debt security with a maturity of more than 10 years. Treasury bonds make interest ...
  4. Weight Of Ice, Snow Or Sleet Insurance

    Financial protection against damage caused to property by winter weather specifically, damage caused if a roof caves in because ...
  5. Weather Insurance

    A type of protection against a financial loss that may be incurred because of rain, snow, storms, wind, fog, undesirable ...
  6. Portfolio Turnover

    A measure of how frequently assets within a fund are bought and sold by the managers. Portfolio turnover is calculated by ...
Trading Center