Iinternational Business Porters Diamond Analysis of the Mexican Essay

Iinternational Business Porters Diamond Analysis of the Mexican Business Environment - Essay Example BRIC countries are those that dominated global economic talks in 2001 and years after; at that time, these countries had demonstrated great potential in exploiting economic opportunities. These countries have moved on to become great and major players in the global economy, with great growth in their GDP. BRIC countries comprise of Brazil, Russia, India, and China; currently, these countries have now been classified as the powerhouses of the world economy. They have reformed their macroeconomic policies, something that has given them a cutting edge in creating economic competitive advantages globally. Later, a new perspective and outlook on activities by other countries brought up the MINT countries, as those showing huge advances in their economic growth. Currently, different countries are involved in various practices that can enhance their competitive advantage. Many countries are reforming the macroeconomic policies in the process of attracting local and international investments to spur the growth and development of economic activities in these countries. MINT countries are those that have shown tremendous developments in the economic activities, thus leading to expansion of their economic activities. These countries include Mexico, Indonesia, Nigeria, and Turkey; according to Jim O’Neill, an economist, these countries have an upsurge of economic activities that have placed them perfectly in the league fast-growing economies. An important characteristic of these countries is the fact that they have young and aggressive populations that have the ability to take on various economic activities.