Newly minted Mexico must innovate
Wednesday, March 12, 2014 - 09:01
in Mathematics & Economics
MINT is the new BRIC, according to Fidelity, a Boston-based asset management firm. The term, referring to the rapidly developing and growing nations of Mexico, Indonesia, Nigeria and Turkey, has moved into popular economics courtesy of Jim O'Neill of Goldman Sachs, who coined the term BRIC to refer to the earlier upward mobility of Brazil, Russia, India and China. However, while Mexico has certainly moved into the top 15 nations in terms of growth of its GDP (gross domestic product), according to a study published in International Journal of Technology, Policy and Management it remains consistently among the weakest performers in the OECD (Organization for Economic Co-operation and Development) in terms of research and development.