The Next Eleven (known also by the numeronym N-11) are the eleven countries - Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, the Philippines, Turkey, South Korea and Vietnam - identified by Goldman Sachs investment banker and economist Jim O'Neill in a research paper as having a high potential of becoming, along with the BRICS countries, among 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. Next Eleven countries have an area of 10 million sq. kilometers while having a population of 1460 million. Combined nominal GDP of these countries is 6.5 trillion dollars. In terms of purchasing power parity (PPP), their GDP reached 15.5 trillion dollars.
The criteria that Goldman Sachs used were macroeconomic stability, political maturity, openness 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, Russia, India, and China. It can be compared with the CIVETS list coined by Robert Ward, global forecasting director for the Economist Intelligence Unit (EIU) - having a few differences, but many similarities.
Video Next Eleven
Next Eleven countries
Developed countries
- South Korea : Advanced economy (both CIA and IMF), High-income economy, Very High human development, High-income OECD member, Developed market (in: Dow Jones index, FTSE index, and S&P index), Democracy, Development Assistance Committee member, Paris Club member, G-20 major economies, Four Asian Tigers, KORUS FTA, European Union-Korea FTA, Visa Waiver Program participant, APEC founding member, ASEAN Plus Three founding member, EAS founding member
Newly industrialised countries
- Indonesia : Lower-middle-income economy, Medium human development, Secondary Emerging market, Flawed democracy, 3G country, Tiger Cub Economy, G-20 major economies, MINT country, APEC founding member, ASEAN founding member, East Asia Summit founding member, Developing 8 Countries
- Iran : Upper-middle-income economy, High human development, Theocracy/Parliamentary System, OPEC and GECF founding member, ECO founding member, Group of 15 member, Developing 8 Countries
- Mexico : Upper-middle-income economy, High human development, democracy, OECD member, Advanced Emerging market, G-20 major economies, G8+5 member, MINT country, NAFTA, APEC member, Pacific Alliance founding member, Pacific Puma country
- Philippines : Lower-middle-income economy, Medium human development, Secondary Emerging market, Flawed democracy, G-20 Developing Economy, 3G country, Tiger Cub Economy, ASEAN founding member, APEC Founding member, EAS founding member
- Turkey : Upper-middle-income economy and an advanced emerging market with a high human development and a hybrid regime. Founding member of the OECD, Developing-8 and BSEC. Member of the G-20, NATO, Council of Europe, EU Customs Union, ECO and MINT. Also has an EU Association Agreement.
Developing countries
- Bangladesh : Lower-middle-income economy, listed under the developing countries, has medium human development Frontier market, Hybrid regime, 3G country, SAARC founding member, BIMSTEC member, Developing 8 Countries
- Egypt : Lower-middle-income economy, Medium human development, Secondary Emerging market, authoritarian regime, 3G country, G20 developing nations, Arab League member, GAFTA member, AU member, CAEU founding member, COMESA member, ENP member, Developing 8 Countries
- Nigeria : Lower-middle-income economy, Low human development, Frontier market, Flawed Democracy, 3G country, MINT country, AU member, OPEC member, Developing 8 Countries, Economic Community of West African States (ECOWAS) member
- Pakistan : Lower-middle-income economy, Secondary Emerging market, Hybrid Regime, G20 developing nations, SAARC founding member, Economic Cooperation Organization (ECO) founding member, Developing 8 Countries
- Vietnam : Lower-middle-income economy, Fast emerging, Medium human development, Frontier market, authoritarian regime, 3G country, APEC member, ASEAN member, EAS founding member.
Maps Next Eleven
Country data
See also
References
Further reading
- "The N-11: More Than an Acronym" - Goldman Sachs study of N-11 nations, Global Economics Paper No: 153, March 28, 2007.
Source of article : Wikipedia
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