Samiksha Jaiswal (Editor)

Next Eleven

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Next Eleven

Type
  
High potential economies

Members
  
11 Countries  Bangladesh  Egypt  Indonesia  Iran  Mexico  Nigeria  Pakistan  Philippines  South Korea  Turkey  Vietnam

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 bank 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. At the end of 2011, the four most prominent countries in the Next Eleven, Mexico, Indonesia, South Korea and Turkey, made up 73 percent of all Next Eleven GDP. BRIC GDP was $13.5 trillion, while MINT GDP at almost 30 percent of that: $3.9 trillion.

Contents

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.

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, Islamic Republic, 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, Advanced economy, High human development, democracy, OECD founding member, Advanced Emerging market, G-20 major economies, MINT country, NATO member, EU Customs Union, ECO member, EU Association Agreement, founder Developing 8 Countries

    • 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, 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, 4G Country .
  • Vietnam : Lower-middle-income economy, Fast emerging, Medium human development, Frontier market, Authoritarian regime, 3G country, APEC member, ASEAN member, EAS founding member.

    • References

    Next Eleven Wikipedia
    (Text) CC BY-SA