N-11 nations in red. From left:
Mexico,
Nigeria,
Egypt,
Turkey,
Iran,
Pakistan,
Bangladesh,
Indonesia,
Vietnam,
South Korea,
Philippines
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]
Next Eleven countries
Developed country
South Korea: Advanced economy (both CIA and IMF), High-income economy,[2] Very 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
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
Turkey: Upper-middle-income economy,[2] High human development, OECD founding member, Secondary Emerging market,[4] Hybrid regime, G-20 major economies, EU Customs Union, ECO member, EU associate 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
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
Pakistan: Lower-middle-income economy,[2] Medium human development, Secondary Emerging market,[4] Hybrid Regime, G20 developing nations, SAARC founding member, ECO member, Developing 8 Countries
Nigeria: Low-income economy,[2] Medium human development, Frontier market[5], Flawed Democracy, AU member, G20 developing nations, OPEC member, Developing 8 Countries
Vietnam: Low-income economy,[2] Medium human development, Frontier market,[5] Authoritarian regime, APEC member, ASEAN member, EAS founding member
Least developed country
Bangladesh: Low-income economy,[2] Medium human development, Frontier market,[5] Hybrid Regime, SAARC founding member, Developing 8 Countries
See also
References
Further reading
External links
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