Overtaking Business

Posted on April 23rd, 2009 at 7:38 am by Akhyari


Mexico, Indonesia, and Turkey are in a favorable position to become the new generation of emerging economies to have significant impact on the global economy, claims Grant Thornton International. Following on from the Grant Thornton International Business Report (IBR)  into the impact of the BRIC economies (Brazil Russia, India and China) on the global market place the international accounting organization has identified Mexico, Indonesia, and Turkey as the front runners to inherit the BRIC mantel from the original four. These countries may match or even overtake some of the commonly identified BRIC economies (Brazil, Russia, India and China) which are expected to join the global economic powers.

Although these economies are unlikely to match India or China in strength, they certainly have the potential to rival Brazil and Russia in terms of economic strength.

Bustling city, Jakarta

Alex MacBeath, global leader of privately held business services for Grant Thornton International, said:
“Indonesia, with its large population, has the potential to grow their labor-intensive exports and could capitalize on the process of low-cost production that mainland China has so successfully exploited. Mexico, as the 14th largest economy in the world, is benefiting from its close trading ties with the other North American Free Trade Agreement (NAFTA) countries and is well-placed to play a more significant role in the Americas. Turkey is expanding robustly and is on the path to making the transition to a modern industrial economy and is set to increase its influence in Western Europe and the Middle East. (Grant Thornton)

So, what do we need to keep us on track? Stability, hardwork, and keep our eyes open for any global opportunity.

Maju terus, Indonesia!

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