One snippet from Maiden's article:
GSAM underestimated how quickly the four BRICs would grow in its first BRIC report. It expected them to roughly triple their gross domestic product to a bit more than $US6 trillion by 2010, and their GDP actually topped $US10 trillion in that year. Now, GSAM predicts that its expanded eight-nation ''Growth Markets'' group - the BRIMTICKs perhaps? - will account for more than 55 per cent of global growth in the next 10 years, almost three times as much as the United States and Europe combined.You can read the whole article here. It makes interesting reading.
As you can see from the chart (my data, my chart), the KMIT countries haven't grown as fast as the BRIC (though that's mostly China), but they are doing far better than Europe or the OECD as a whole. Also much of the gap between the two series opened up during the GFC when they collectively fell further than the BRIC countries did. And let's not even talk about (shudder) the European countries being made really ill by insensate austerity blood-letting--their IP data are still declining. More on this later; my programs are still a little unwell. And I would like to smooth the KMIT series. Indonesian data in particular are very "spiky".
[see also this post]