Next Eleven

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The Next Eleven (or N-11) are eleven countries — Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, The Philippines, South Korea, Turkey, and Vietnam — identified by Goldman Sachs investment bank as having a high potential of becoming the world's largest economies in the 21st century along with the BRICs. The bank chose these states, all with promising outlooks for investment and future growth, on December 12, 2005.

Goldman Sachs used macroeconomic stability, political maturity, openness of trade and investment policies, and the quality of education as criteria. The N-11 paper is a follow-up to the bank's 2003 paper on the four emerging "BRIC" economies, Brazil, Russia, India, and China.^[1]

Contents 1 Next Eleven countries 1.1 Developed country 1.2 Newly industrialized country 1.3 Developing country 1.4 Least developed country 2 See also 3 References 4 Further reading 5 External links

[edit] Next Eleven countries

[edit] Developed country

• South Korea: Advanced economy (both CIA and IMF), High-income economy,^[2], High human development High-income OECD member, Developed market,^[3] Full democracy, G-20 major economies, Four Asian Tigers, KORUS FTA, Visa Waiver Program participant, APEC founding member, ASEAN Plus Three founding member, EAS founding member

[edit] Newly industrialized country

• Mexico: Upper-middle-income economy,^[2] High human development, OECD member, Advanced Emerging market,^[4] Flawed democracy, G-20 major economies, G8+5 member, NAFTA, APEC member
• Philippines: Lower-middle-income economy,^[2] Medium human development, Secondary Emerging market,^[4] Flawed democracy, G20 developing nations, APEC founding member, ASEAN founding member, EAS founding member
• Turkey: Upper-middle-income economy,^[2] Medium human development, OECD member, Secondary Emerging market,^[4] Hybrid regime, G-20 major economies, EU Customs Union, ECO member

[edit] Developing country

• Egypt: Lower-middle-income economy,^[2] Medium human development, Secondary Emerging market,^[4] Authoritarian regime, G20 developing nations, CAEU founding member, COMESA member, ENP member
• Indonesia: Lower-middle-income economy,^[2] Medium human development, Secondary Emerging market,^[4] Flawed democracy, G-20 major economies, APEC founding member, ASEAN founding member, EAS founding member
• Iran: Lower-middle-income economy,^[2] Medium human development, Authoritarian regime, OPEC founding member, ECO member, Group of 15 member, Developing 8 Countries
• Nigeria: Low-income economy,^[2] Low human development, Frontier market,^[5] Authoritarian regime, G20 developing nations, OPEC member
• Pakistan: Low-income economy,^[2] Medium human development, Secondary Emerging market,^[4] Hybrid regime, G20 developing nations, SAARC founding member, ECO member, Developing 8 Countries
• Vietnam: Low-income economy,^[2] Medium human development, Frontier market,^[5] Authoritarian regime, APEC member, ASEAN member, EAS founding member

[edit] Least developed country

• Bangladesh: Low-income economy,^[2] Medium human development, Frontier market,^[5] Hybrid regime, SAARC founding member, Developing 8 Countries

[edit] See also

Chindia BRIC (or BRIMC) Emerging markets

Four Asian Tigers G20 developing nations G-20 major economies G8+5

List of countries by GDP (nominal), (per capita) List of countries by HDI rank Newly industrialized countries VISTA (economics)

[edit] References

[edit] Further reading

• "The N-11: More Than an Acronym" - Goldman Sachs study of N-11 nations, Global Economics Paper No: 153, March 28, 2007.

[edit] External links

• Development Bank Research Bulletin article
• Grant Thornton IBR - Emerging markets: reshaping the global economy. May 2008

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