What countries does O’Neill think are primed for growth? MIST, meaning Mexico, Indonesia, South Korea, and Turkey. All these countries rank worldwide between the 10th and 20th largest GDPs and had GDP growth rates above 5% for 2010.
EconomyWatch is forecasting about 7% GDP growth for Indonesia through 2016. Indonesia has 6.3% GDP growth in 2012.
The total size of Indonesia’s middle class may rise to 171 million in 2020, or 63 percent of the population. In 2030, it may reach 244 million, or 78 percent of people living in the country.
Indonesia’s population is projected to be 312 million in 2030. Indonesia per capita GDP is projected to be just over $30,000. This will be up from the current GDP per capita of just over $5000. The US is projected to have almost $100,000 per capita GDP. China is projected to be at $50,000 per capita GDP.
The Jan 2012 Economist Big Mac Index
China yuan is 42% undervalued. (China was 44% undervalued)
Hong kong is 49% undervalued.
Japan is 1% undervalued. (Japan was on par value 6 months ago)
Canadian dollar is 10% overvalued.
British pound is 9% undervalued.
Indian rupee is 61% undervalued.
Malaysia, Thailand, Taiwan, Russia, Indonesia, Saudi Arabia are all about 40% undervalued.
Brazil is 35% overvalued.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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