After BRIC comes MIST (Mexico, Indonesia, South Korea, Turkey) and RGM (Rapid Growth Markets). More and more, economists are evoking the economic performance of countries beyond the mainstream favorites, Brazil, Russia, India and China. This is especially relevant as economic growth in Brazil and China slows down.
Ruchir Sharma, head of emerging markets for Morgan Stanley, urges investors to pay closer attention to "breakout nations" -- new emerging markets that will be on the forefront of global economic growth. South Korea, Indonesia, Poland and Turkey are just a few of the breakout nations that will lead the way.
Ernst & Young identifies 25 Rapid Growth Markets that investors should be paying attention to. Big Think's experts provides some context and lessons on how business leaders can stay ahead of the curve while treading carefully in a new landscape of emerging markets.