BBC Radio 4 has tipped Nigeria to be amongst the next 4 successful Global nations.This is based on the
potentials of the nations ranging from arts,economic growth, culture and entertainment to religion, education and civil liberties.Jim O’Neill, formerly chief economist and head of asset management at Goldman Sachs, has now identified the MINT countries as those most likely
to assume their places at the high table of economic success.Jim O’Neill adds: “For 12 years I have been asked why just Brazil, Russia, India and China? What about other large populated emerging nations? So I decided to travel to those four which have the best chance of joining the BRIC countries in the top-10 largest economies in the world by 2050 to find out how real their chances are.”
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In 2001, the acronym BRIC entered the popular vocabulary to recognise the burgeoning potential of the emerging economies of Brazil, Russia, India and China. Now Radio 4 is joining forces with Jim O’Neill, the economist credited with coining the term BRIC, to ask - where next for the world economy?
Jim O’Neill, formerly chief economist and head of asset management at Goldman Sachs, has now identified the MINT countries as those most likely to assume their places at the high table of economic success.
Over the course of a week in early January, Radio 4 will be visiting Mexico, Indonesia, Nigeria and Turkey – tipped to follow Brazil, Russia, India and China onto the A-list of world economies – to shine a light on life in these countries as they teeter on the cusp of potential greatness.
In the flagship four-part series MINT: The Next Economic Giants, Jim O’Neill will travel to each of the four countries to lift the lid on their aspirations and, crucially, their chances of realising them.
Three of the mainstays of the Radio 4 schedule – Woman’s Hour, Front Row and Today – will also be lending their powers of analysis by focusing on different aspects of the MINT societies, ranging from arts, culture and entertainment to religion, education and civil liberties.
Gwyneth Williams, Controller, Radio 4 says: “We have seen the impact of the BRIC countries over the last decade – not just on our economics and politics but on our thinking, our culture, art, dance, literature and music. Now Radio 4 picks and visits the next emerging group of countries. What are the driving ideas and issues in these societies? Come with us as we find out what the countries Jim O’Neill has labelled MINT have in store for us.”
Jim O’Neill adds: “For 12 years I have been asked why just Brazil, Russia, India and China? What about other large populated emerging nations? So I decided to travel to those four which have the best chance of joining the BRIC countries in the top-10 largest economies in the world by 2050 to find out how real their chances are.”
Radio 4’s focus on the MINT countries begins on Monday, 6 January when the Today programme will co-present a live broadcast from the Nigerian city of Lagos with BBC World Service’s Newsday, examining the contention that Nigeria is set to become one of the giants of the world economy. Today presenter and economist Evan Davis will present the programme live from Lagos alongside World Service business correspondent Nkem Ifejika, himself a British Nigerian. The programme will report on rates of economic growth and examine the consequences of a huge and growing population in the country. It will also look at some of the booming sectors that hold promise for the country – such as the oil and movie sectors – as well as problems that could impede growth.
This will be followed at 9am by the first episode of MINT: The Next Economic Giants, in which Jim O’Neill considers the attempt of a radical reforming government in Mexico to create an economic miracle. The series continues on Tuesday when he asks if Indonesia can break its old reliance on exporting raw materials to realise the potential of a huge, growing and rapidly urbanising population. On Wednesday, he turns his attention to Nigeria, a nation of young, vibrant, natural entrepreneurs, but can they overcome decades of corruption, crime and mismanagement? Finally, he visits Turkey and assesses the country’s ambition of becoming a world-class exporter, no longer dependent on its advantageous location.
Across the week, Woman’s Hour will be looking at the status of women and girls in the MINT economies, and what the future holds for them. As these societies are changing, how are women’s lives changing too? Jenni Murray and Jane Garvey will speak to women at the heart of economic change. Visiting each country in turn, they will hear from the leading female lights and campaigners, and the everyday women on the ground, whose experiences shed a light on the key issues affecting women in these countries – issues like population, education, employment and human rights. Who are the women leading the call for change? What’s the reality for women’s lives, their status and rights, their economic participation and equality? And how do women stand to win or lose in the new emerging economies?
Rounding off Radio 4’s focus on the MINT countries, John Wilson will present a special edition of Front Row on Thursday, reporting from Istanbul on the art, culture, music and media that are helping to shape Turkey’s new cultural scene.