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Next Eleven
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Everything about the Next Eleven totally explainedThe Next Eleven (or N-11) are eleven countries identified by Goldman Sachs investment bank as having a high potential of becoming the world's largest economies along with the BRICs. The bank chose these nations, 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.
Eight of the eleven nations chosen are in Asia and none of them are in Europe or South America.
Next Eleven countries
- Bangladesh: (Developing country)
- Egypt: (Newly industrialized country, ENP, COMESA, G-20 developing nations member)
- Indonesia: (Newly industrialized country, G-20 industrial nations member)
- Iran: (Developing country, OPEC, ECO, Developing 8 Countries, G-15 member)
- Mexico: (Newly industrialized country, NAFTA, G8+5, G-20 industrial nations member, OECD member (1994))
- Nigeria: (Developing country, G-20 developing nations member)
- Pakistan: (Developing country, G-20 developing nations member)
- Philippines: (Newly industrialized country, APEC member, G-20 developing nations member)
- South Korea: (Developed country, Advanced economy (CIA and IMF), G-20 industrial nations member, ASEAN Plus Three member, APEC member, EAS member, OECD member)
- Turkey: (Newly industrialized country, Developed country (CIA), EU Customs Union, G-20 industrial nations member, OECD member)
- Vietnam: (Developing country, APEC member)
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