Next Eleven

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 2 See also 3 References 4 Further reading 5 External links

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 (in FTSE index)³ Full democracy, Development Assistance Committee member, 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, European Union Association Agreement with FTA provisions, 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, Developing 8 Countries

• 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, Developing 8 Countries, CIVETS
• 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, Developing 8 Countries

• Iran: Lower-middle-income transition economy,² Medium human development, Islamic Republic, OPEC and GECF 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

• Vietnam: Lower-middle-income economy,² Medium human development, Frontier market,⁵ Authoritarian regime, APEC member, ASEAN member, EAS founding member

• Nigeria: Low - middle income economy,² Medium human development, Frontier market,⁵ Flawed Democracy, AU member, OPEC member, Developing 8 Countries

• Bangladesh: Low-income economy,² Medium human development, Frontier market,⁵ Flawed Democracy, SAARC founding member, Developing 8 Countries

See also

Chindia BRIC Emerging markets CIVETS Developing 8 Countries International rankings of Iran

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)

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.

• "The Power of the Purse: Gender Equality and Middle-Class Spending" – Goldman Sachs study of Gender Equality and the Middle Class in BRIC and N-11 nations, Global Markets Institutes, August 5, 2009.

External links

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

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