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Sunday, August 17, 2014

EXOGEN UPDATE: WHO & WHAT ARE THE NEXT 11?, 17 AUGUST

Next Eleven

From Wikipedia, the free encyclopedia
Next Eleven
N-11 countries in Magenta
N-11 countries in Magenta
TypeHigh potential economies
Members
The Next Eleven (known also by the numeronym N-11) are the eleven countries – BangladeshEgyptIndonesiaIranMexico,NigeriaPakistan, the PhilippinesTurkeySouth Korea and Vietnam – identified by Goldman Sachs investment bank and economistJim O'Neill in a research paper as having a high potential of becoming, along with the BRICs, the world's largest economies in the 21st century. The bank chose these states, all with promising outlooks for investment and future growth, on December 12, 2005. At the end of 2011, the four most prominent countries in the Next Eleven, Mexico, Indonesia, South Korea and Turkey, made up 73 percent of all Next Eleven GDP. BRIC GDP was $13.5 trillion, while MINT GDP at almost 30 percent of that: $3.9 trillion.[1]
The criteria that Goldman Sachs used were macroeconomic stabilitypolitical maturityopenness of trade and investment policies, and the quality of education. The N-11 paper is a follow-up to the bank's 2003 paper on the four emerging "BRIC" economies, Brazil,RussiaIndia, and China.[2] It can be compared with the CIVETS list coined by Robert Ward, global forecasting director for theEconomist Intelligence Unit (EIU) – having a few differences, but many similarities.

Next Eleven countries[edit]

Developed countries[edit]

Newly industrialising countries[edit]

Developing countries[edit]

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