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Jargon Watch: MAVINS

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Goldman Sachs was widely credited with coming up with the concept of the BRICs a decade ago. An acronym for Brazil, Russell, India and China – the countries that they thought would be the economic engines of the world.

Business Insider has thought about who would be the tier two countries who are most likely to benefit from the global economy. In a partial homage to the BRICs, they put them together into an acronym: MAVINS. MAVINS stands for Mexico, Australia, Vietnam, Indonesia, Nigeria and South Africa. All of them have an abundance that gives them competitive advantage, be it resources, land or people.