BRIC, MAVINS, PIIGS and GAAF
Back in 2003 the acronym BRIC was used by Goldman Sachs when talking about the economies of Brazil, Russia, India and China combined. The report speculated that by 2050 these four economies would be wealthier than most of the current major economic powers.
In 2010, the Business Insider used the acronym MAVINS for the six surging countries Mexico, Australia, Vietnam, Indonesia, Nigeria and South Africa. It was suggested that these combined economies could equal 60 percent of America’s current economy by as early as 2020, over 200 percent by 2050, and then continue growing thereafter.
Also in 2010 the PIIGS acronym was used to refer to the five Eurozone nations, which were considered the most vulnerable to financial crisis: Portugal, Ireland, Italy, Greece and Spain.
Let me start a new one: GAAF. This is an acronym for Google, Apple, Amazon and Facebook. These companies have an influence level above many countries and economies that are more significant than those of some states. What the GAAFers do makes a real difference.