MIST vs BRICS By Saurabh Paul DoMS,IIT Roorkee

About MIST Goldman Sachs economist Jim O’Neill in 2005 Mexico, Indonesia, South Korea and Turkey Economy doubled in last decade. 7% of the world population 3% of global land area 1% of global GDP each Fast-growing markets for consumer goods and services

The Rise of MIST Global economic crisis Mexico’s growth has outpaced Brazil’s for a second year – Brazil imported 5.6 percent of Mexico’s vehicles sold abroad. Turkey’s strategic location –Eastern Europe and Western Asia. It has been growing by around 3% in the last quarter.

South Korea, one of the fast growing developed countries has grown by 2.9 percent in the second quarter. Indonesia, the largest economy in the Southeast Asia has grown by 6.3 percent in the second quarter supplemented by huge domestic spending and investment.

MIST vs. BRICS- MARKET Mexico –(MEXBOL) 11 %growth Indonesia’s -JCI gained 7.4% South Korea’s- KOSPI 3.3% growth. Turkey’s- ISE(XU100)-28% India-(BSE) 13% growth Russia -2.6% gain China-SHCOMP 2 % drop Brazil –IBOV and South Africa -2.8% growth

GDP Growth Rate

Economies and Governance BRICSMIST CountriesRankCountriesRank Brazil84Mexico65 Russia112Indonesia58 India100South Korea34 China56Turkey62 South Africa63 With regards to parameter of ‘Ease of doing business’ the average rank for MIST is 65, and for BRICS it is 117 World Economic Forum’s 2012 trade openness index

Local Currency and Inflation

Foreign investor Sentiment and credit rating Foreign reserves are declining Debt-GDP ratio is increasing MIST-South Korea A, Mexico rated lowest at ‘BBB’ by S&P BRICS- –China rated highest at ‘AA-‘ –India lowest at ‘BBB-‘ with a ‘Negative’ outlook.