11 August 2010

Acronym of the week

A bit childish, perhaps, is this mania for grouping countries under unwanted labels. The Independent reports the latest:
If the UK can export more to the Brics and the new "Civets" (Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa), the monthly trade figures may turn out to be the best, and possibly the only, regularly good economic news in the years ahead.
So you can add CIVETS to BRICs and PIGS (or maybe PIIGS).

Background Note 1: The term 'civet' is more usually used to describe a group of smallish tree-loving mammals found in the tropics.

Background Note 2: There must be considerable doubt about the economic capacity of most of the so-called CIVETS to absorb significant increases in British exports - but, hey, the guys should keep trying.

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