High Quality Content by WIKIPEDIA articles! CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey, South Africa) is an acronym for favored emerging markets that was coined in late 2009 by Robert Ward, global forecasting director for the Economist Intelligence Unit (EIU). The term has also been used by HSBC`s chief executive Michael Geoghegan. These countries are favored for several reasons, such as "a diverse and dynamic economy" and "a young, growing population". This list is comparable to the Next Eleven, devised by Jim O`Neill of Goldman Sachs, and the G20 developing nations.
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