Credited with developing BRICs theory, Jim O'Neill is now onto a trendier acronym. According to his MINTs theory, Mexico’s competitive manufacturing edge and cheap and “flexible” labor will place the country among the ten most powerful economies.
Belize, like much of the Caribbean, is trapped between high debt and a foreign economic environment hostile to the implementation of progressive economic reforms. On September 21, Belize won a 60 day reprieve after a partial debt payment of $11.7 million, which avoided their descent into a full blown default.
