CIVETS: NEW KIDS ON THE BLOC

摘要

The growth of the BRIC group has been extraordinary, with its combined GDP (share of world total on a present purchasing power (PPP) basis) representing 17% of the world total in 2001 and 26% in 2011. As Brazil, China and India become victims of their own success and begin to raise interest rates in order to cool down their overheated, inflation-prone economies, many investors are looking for the next big thing. And that 'next big thing' is 'CIVETS'.