MIKT is the new BRICs

Jim O'Neill, chairman of Goldman Sachs Asset Management and creator in 2003 of the term BRIC economies, referring to Brazil, Russia, India and China, now says he sees the rise of the MIKT economies, referring to Mexico, Indonesia, Korea and Turkey.

O'Neill said he was adding these four countries to his list of growth economies that could prosper despite whatever happens in advanced countries.

O'Neill has already included Korea's economic potential in his list of the "Next Eleven," a class of countries that are forecast to emerge as the new axis of the global economy.

Investors have injected a great amount of money into BRICs since 2007, when investment in emerging markets was booming.