The latest trendy acronym beyond "BRIC" and "N11" is CIVETS; a gaggle of widely dispersed countries – Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa – that are all dynamic and diverse emerging economies with inflation under control and sophisticated financial systems with an absence of "soverign debt bombs". In addition they have youthful populations. They also share common problems that could influence airport investors adversely, such as unemployment and corruption. In the second of a two-part series we look at the "ETS" part of the equation – Egypt, Turkey and South Africa.
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