Glossary Editor
The countries of Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa are estimated to be the next major rising economies within the next decade, and this group of countries has been given the acronym CIVETS. Another group of countries, Brazil, Russia, India, and China (BRIC), were the fastest growing economies of the last decade. Some of the factors used in estimating the future economic growth of countries include the age of the population (high percentages of younger people indicate future economic growth, while high percentages of older people indicate future economic slowdowns), the political stability of the country (a country is unlikely to have rapid economic growth if it is in a state of war or chaos), the country’s focus on education (higher levels of education indicate higher economic growth potential), and the overall economic climate of the country. In the CIVETS countries, international investment has recently been made easier through the use of ETFs.

See also BRIC