Fishermen in Indonesia - one of the CIVETS emerging economies (photo:dpa)

The CIVETS: Serious emerging economies or silly shorthand by investors?

A new group of fast-emerging economies in Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa have been identified as the CIVETS. They are said to be the countries of tomorrow which have the elements of young, fast-growing populations, diverse exports and natural resources and controlled inflation. But do they offer serious investment opportunities or is this a trendy marketing shorthand?

FINANCE ministers from Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa met on the margins of the annual International Monetary Fund/World Bank meeting in Washington, DC, United States, to define a working agenda for their new group of emerging countries with promising economies,...

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Ambassador Terry Miller
Groupings like CIVETS or the BRICS enable reporters, investors, and investment advisers to talk in shorthand. It only takes one crisis, however, like a change of government in Egypt, to render the shorthand a shortcut to potential losses
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