Great conversation on Fast Money last night about next set of Countries (Korea, Indonesia, Poland, Philippines, Nigeria, Turkey, Thailand)  in which to invest.  BRICS are expensive.  New term coined “breakout nations.”

See synopsis of this idea at yahoo/finance today: http://finance.yahoo.com/blogs/daily-ticker/brics-123351582.html

Ruchir Sharma, head of emerging market equities and global macro at Morgan Stanley , tells The Daily Ticker’s Dan Gross that the next countries investors will flock to are Poland and the Czech Republic in Europe and the Philippines, Indonesia, Thailand and Sri Lanka in Asia. He discusses them all in his new book, “Breakout Nations: In Pursuit of the Next Economic Miracles.”

Sharma defines breakout nations as countries that beat economic expectations by a wide margin. “People tell me if India grows at six to seven percent what’s the big deal? I say it matters a lot because when you expect eight to nine percent you come up with six percent, that’s a big disappointment.”

Another key indicator: per capita income. The lower it is the easier for those economies to grow, says Sharma.

http://www.cnbc.com/id/47065654    Forget The BRICS: Invest In ‘Breakout Nations’