Assesstment of Macroeconomic and Financial Performance of Fragile Five and MINT Countries Using TOPSIS Method

Abstract

The main purpose of this research is to measure the performance of Fragile Fives and MINT countries (Brazil, India, Indonesia, South Africa, Turkey, Mexico, and Nigeria), based on macroeconomic and financial indicators between 2015-2019. For this purpose, the TOPSIS method, which is one of the multi-criteria models in decision making, was used. In this method, stock market index, exchange rate, inflation and interest rate were decided to use as the main evaluation criteria. According to the findings obtained from the research, Turkey, which is a member of both MINT and the Fragile Five group, was found to be the country with the lowest macroeconomic and financial performance and Indonesia was found to be the best performing country. In addition, this research presents a numerical application to illustrate the use of the TOPSIS method.