Have You Heard of CIME?

Posted by: Bruce Nussbaum on May 13, 2008

For years, the term “BRIC” was hot on Wall Street—and increasingly in design and innovation circles. BRIC stood for Brazil, Russia, India, China—the fastest growing emerging markets.

Now another term is hot—CIME. CIME stands for China, India, Middle East. Yes, Brazil is still pretty hot and so is Russia. But the Middle East is REALLY hot, with all those petro-trillions pouring in to pay for name-brand architects and designers creating beautiful new things in Dubai, the Emirates and Saudi Arabia.

Good for cocktail chatter.

Reader Comments

Otto

May 14, 2008 6:00 PM

Purchasing power is one (rather old) way of looking at it, though Dubai is an impressive example -for now - of how to invent your way away from oil.

Things will get even more interesting when the region's oil wells dry up (or are made redundant). My bets are on India and Brazil in the long run. Eventually, people and their ways of sustainably relating to eachother as well as to their environment, will make the difference. China and the ME will be playing catch-up when that time comes around.

Parul

May 16, 2008 11:37 AM

The Middle East is impressive but I think Egypt, South Africa and some other African countries can also be key in the future. Consider the way how India and China are investing heavily in the continent.

Just read about an interesting report that seems to have come out on these issues and mostly about the post oil story. Might be worth knowing more about:

http://www.emergingeconomyreport.com/

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Want to stop talking about innovation and learn how to make it work for you? Bruce Nussbaum takes you deep into the latest thinking about innovation and design with daily scoops, provocative perspectives and case studies. Nussbaum is at the center of a global conversation on the growing discipline of innovation and the deepening field of design thinking. Read him to discover what social networking works—and what doesn’t. Discover where service innovation is going and how experience design is shaping up. Learn which schools are graduating the most creative talent and which consulting firms are the hottest. And get his take on what the smartest companies are doing in the U.S., Asia and Europe, far ahead of the pack.

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