CIVETS refers to a grouping of countries identified for their young populations and diverse, dynamic economies, seen as having significant potential for growth and investment opportunities, rather than replacing BRIC countries or focusing on specific economic goals like challenging the WTO or establishing regional supremacy.

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CIVETS Refers To

Question 64

Multiple Choice

CIVETS refers to:

A) the group of newly emerging economies which proposes to set up a rival economic organization as an answer to the WTO.
B) the group of newly emerging economies which has replaced the United States of America as the largest economy in the world.
C) the group of newly emerging economies which will replace the BRIC countries of the last decade.
D) the group of newly emerging economies which is working towards establishing Asian supremacy in organizations such as the IMF.
E) the group of newly emerging economies whose economic growth is driven largely by oil and zero tariff tax havens.

Correct Answer: