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The Next Eleven (or N-11) are eleven countries — Bangladesh
Bangladesh

, officially the People's Republic of Bangladesh is a country in South Asia. It is bordered by India on all sides except for a small border with Burma to the far southeast and by the Bay of Bengal to the south....
, Egypt
Egypt

Egypt is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Western Asia. Covering an area of about , Egypt borders the Mediterranean Sea to the north, the Gaza Strip and Israel to the northeast, the Red Sea to the east, Sudan to the south and Libya to the west....
, Indonesia
Indonesia

The Republic of Indonesia , is a transcontinental country in Southeast Asia and Oceania. Comprising Islands of Indonesia, it is the world's largest Archipelago state....
, Iran
Iran

Iran , officially the Islamic Republic of Iran and formerly known internationally as Persian Empire until 1935, is a country in Central Eurasia, located on the northeastern shore of the Persian Gulf and the southern shore of the Caspian Sea....
, Mexico
Mexico

The United Mexican States , commonly known as Mexico , is a federalism constitutionalism republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of Mexico....
, Nigeria
Nigeria

Nigeria, officially the Federal Republic of Nigeria, is a federation constitutional republic comprising States of Nigeria and one Federal Capital Territory, Nigeria....
, Pakistan
Pakistan

Pakistan , officially the Islamic Republic of Pakistan, is a country located in South Asia and borders Central Asia and the Middle East. It has a 1,046 kilometre coastline along the Arabian Sea and Gulf of Oman in the south, and is bordered by Afghanistan and Iran in the west, India in the east and People's Republic of China in th...
, The Philippines
Philippines

The Philippines, officially known as the Republic of the Philippines, is a country in Southeast Asia with Manila as its capital city. It comprises 7,107 islands in the western Pacific Ocean....
, South Korea
South Korea

South Korea, officially the Republic of Korea , ), often referred to as Korea and the "names of Korea#Revival of the names", is a Semi-presidential system republic in East Asia, located in the southern half of the Korean Peninsula....
, Turkey
Turkey

Turkey , known officially as the Republic of Turkey , is a Eurasian country that stretches across the Anatolian peninsula in southwest Asia and Thrace in the Balkans region of Southern Europe....
, and Vietnam
Vietnam

Vietnam , officially the Socialist Republic of Vietnam , is the easternmost country on the Indochina Peninsula in Southeast Asia. It is bordered by People's Republic of China to the north, Laos to the northwest, Cambodia to the southwest, and the South China Sea to the east....
 — identified by Goldman Sachs
Goldman Sachs

The Goldman Sachs Group, Inc., or simply Goldman Sachs , is a bank holding company that engages in investment banking, Security services, and investment management....
 investment bank as having a high potential of becoming the world's largest economies in the 21st century along with the BRIC
BRIC

In economics, BRIC or BRICs is an acronym that refers to the Emerging markets of Brazil, Russia, India, and People's Republic of China....
s. The bank chose these states, all with promising outlooks for investment and future growth
Economic growth

Economic growth is the increase in the amount of the goods and services produced by an economics over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP....
, on December 12, 2005.

Goldman Sachs used macroeconomic stability
Macroeconomics

Macroeconomics is a branch of economics that deals with the performance, structure, and behavior of a national or regional economy as a whole....
, political maturity
Political philosophy

Political philosophy is the study of questions about the city, government, politics, liberty, justice, property, rights, law and the enforcement of a legal code by authority: what they are, why they are needed, what makes a The purpose of government, what rights and freedoms it should protect and why, what form it should take and why, what t...
, openness
Indices of Economic Freedom

The annual survey Economic Freedom of the World is an indicator produced by the Fraser Institute, a conservative and libertarian think tank which attempts to measure the degree of economic freedom in the world's nations....
 of trade and investment policies, and the quality of education as criteria.






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The Next Eleven (or N-11) are eleven countries — Bangladesh
Bangladesh

, officially the People's Republic of Bangladesh is a country in South Asia. It is bordered by India on all sides except for a small border with Burma to the far southeast and by the Bay of Bengal to the south....
, Egypt
Egypt

Egypt is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Western Asia. Covering an area of about , Egypt borders the Mediterranean Sea to the north, the Gaza Strip and Israel to the northeast, the Red Sea to the east, Sudan to the south and Libya to the west....
, Indonesia
Indonesia

The Republic of Indonesia , is a transcontinental country in Southeast Asia and Oceania. Comprising Islands of Indonesia, it is the world's largest Archipelago state....
, Iran
Iran

Iran , officially the Islamic Republic of Iran and formerly known internationally as Persian Empire until 1935, is a country in Central Eurasia, located on the northeastern shore of the Persian Gulf and the southern shore of the Caspian Sea....
, Mexico
Mexico

The United Mexican States , commonly known as Mexico , is a federalism constitutionalism republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of Mexico....
, Nigeria
Nigeria

Nigeria, officially the Federal Republic of Nigeria, is a federation constitutional republic comprising States of Nigeria and one Federal Capital Territory, Nigeria....
, Pakistan
Pakistan

Pakistan , officially the Islamic Republic of Pakistan, is a country located in South Asia and borders Central Asia and the Middle East. It has a 1,046 kilometre coastline along the Arabian Sea and Gulf of Oman in the south, and is bordered by Afghanistan and Iran in the west, India in the east and People's Republic of China in th...
, The Philippines
Philippines

The Philippines, officially known as the Republic of the Philippines, is a country in Southeast Asia with Manila as its capital city. It comprises 7,107 islands in the western Pacific Ocean....
, South Korea
South Korea

South Korea, officially the Republic of Korea , ), often referred to as Korea and the "names of Korea#Revival of the names", is a Semi-presidential system republic in East Asia, located in the southern half of the Korean Peninsula....
, Turkey
Turkey

Turkey , known officially as the Republic of Turkey , is a Eurasian country that stretches across the Anatolian peninsula in southwest Asia and Thrace in the Balkans region of Southern Europe....
, and Vietnam
Vietnam

Vietnam , officially the Socialist Republic of Vietnam , is the easternmost country on the Indochina Peninsula in Southeast Asia. It is bordered by People's Republic of China to the north, Laos to the northwest, Cambodia to the southwest, and the South China Sea to the east....
 — identified by Goldman Sachs
Goldman Sachs

The Goldman Sachs Group, Inc., or simply Goldman Sachs , is a bank holding company that engages in investment banking, Security services, and investment management....
 investment bank as having a high potential of becoming the world's largest economies in the 21st century along with the BRIC
BRIC

In economics, BRIC or BRICs is an acronym that refers to the Emerging markets of Brazil, Russia, India, and People's Republic of China....
s. The bank chose these states, all with promising outlooks for investment and future growth
Economic growth

Economic growth is the increase in the amount of the goods and services produced by an economics over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP....
, on December 12, 2005.

Goldman Sachs used macroeconomic stability
Macroeconomics

Macroeconomics is a branch of economics that deals with the performance, structure, and behavior of a national or regional economy as a whole....
, political maturity
Political philosophy

Political philosophy is the study of questions about the city, government, politics, liberty, justice, property, rights, law and the enforcement of a legal code by authority: what they are, why they are needed, what makes a The purpose of government, what rights and freedoms it should protect and why, what form it should take and why, what t...
, openness
Indices of Economic Freedom

The annual survey Economic Freedom of the World is an indicator produced by the Fraser Institute, a conservative and libertarian think tank which attempts to measure the degree of economic freedom in the world's nations....
 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
Brazil

Brazil , officially the Federative Republic of Brazil , is a country in South America. It is the List of countries and outlying territories by total area country by geographical area, occupying nearly half of South America, the List of countries by population country, and the fourth most populous democracy in the world....
, Russia
Russia

Russia , or the Russian Federation , is a list of countries spanning more than one continent country extending over much of northern Eurasia....
, India
India

India, officially the Republic of India , is a country in South Asia. It is the List of countries and outlying territories by total area country by geographical area, the List of countries by population country, and the most populous liberal democracy in the world....
, and China
China

China is a Culture of China, an ancient civilization, and, depending on perspective, a national or multinational entity extending over a large area in East Asia....
.

Next Eleven countries


Developed country

  • South Korea
    Economy of South Korea

    The economy of South Korea is a highly developed country trillion dollar club economy that is the List of Asian countries by GDP in Asia and List of countries by GDP in the world....
    : Advanced economy
    Developed country

    The term developed country is used to describe countries that have a high level of development according to some criteria. Which criteria, and which countries are classified as being developed, is a contentious issue and there is fierce debate about this....
     (both CIA
    Central Intelligence Agency

    The Central Intelligence Agency is a civilian intelligence agency of the Federal government of the United States. It is the successor of the Office of Strategic Services formed during World War II to coordinate espionage activities between the branches of the US military services....
     and IMF
    International Monetary Fund

    The International Monetary Fund is an international organization that oversees the global financial system by following the macroeconomic policies of its member countries, in particular those with an impact on exchange rates and the balance of payments....
    ), High-income economy, High human development
    List of countries by Human Development Index

    File:2006nian Renlei Fazhan Zhishu.svgThis is a list of countries by Human Development Index as included in a United Nations Development Program's Human development Statistical Update released on December 18, 2008, compiled on the basis of data from 2006....
    , High-income OECD member
    Developed country

    The term developed country is used to describe countries that have a high level of development according to some criteria. Which criteria, and which countries are classified as being developed, is a contentious issue and there is fierce debate about this....
    , Developed market
    Developed market

    In investing, developed markets are those countries that are thought to be the most developed and therefore less risky....
    , G-20 major economies, Four Asian Tigers, KORUS FTA, Visa Waiver Program
    Visa Waiver Program

    The Visa Waiver Program is a program of the United States Government which allows citizens of specific countries to travel to the United States for tourism or business for up to 90 days without having to obtain a Visa ....
     participant, APEC founding member, ASEAN Plus Three founding member, EAS
    East Asia Summit

    File:East Asian Community.PNGThe East Asia Summit is a forum held annually by leaders of 16 countries in the East Asian region. EAS meetings are held after annual ASEAN leaders? meetings....
     founding member


Newly industrialized country

  • Egypt
    Economy of Egypt

    Occupying the northeast corner of the African continent, Egypt is bisected by the highly fertile Nile valley, where most economic activity takes place....
    : Lower-middle-income economy
    List of countries by GNI (PPP) per capita

    This article includes list of countries of the world sorted by their GNI per capita at purchasing power parity in 2007.Countries with a GNI per capita of $11,456 or more are described as high income countries, between $3,706 and $11,455 as upper middle income, between $936 and $3,705 as lower middle income, and for lower income countries...
    , Medium human development
    List of countries by Human Development Index

    File:2006nian Renlei Fazhan Zhishu.svgThis is a list of countries by Human Development Index as included in a United Nations Development Program's Human development Statistical Update released on December 18, 2008, compiled on the basis of data from 2006....
    , Secondary Emerging market
    Emerging markets

    The term Emerging markets is used to describe a nation's social or business activity in the process of rapid Economic growth and industrialization....
    , G20 developing nations
    G20 developing nations

    The G20 is a trade bloc of developing countrys established on 20 August 2003. The group emerged at the 5th Ministerial WTO conference, held in Canc?n, Mexico from 10 September to 14 September 2003....
    , CAEU
    Council of Arab Economic Unity

    The Council of Arab Economic Unity was established by Egypt, Iraq, Jordan, Kuwait, Libya, Mauritania, Palestine Liberation Organization, Somalia, Sudan, Tunisia, Syria, United Arab Emirates and Yemen on 3 June 1957....
     founding member, COMESA member, ENP member
  • Mexico
    Economy of Mexico

    The economy of Mexico is 10th to 12th largest in the world.Since the 1994 economic crisis in Mexico, administrations have improved the country's Macroeconomics....
    : Upper-middle-income economy
    List of countries by GNI (PPP) per capita

    This article includes list of countries of the world sorted by their GNI per capita at purchasing power parity in 2007.Countries with a GNI per capita of $11,456 or more are described as high income countries, between $3,706 and $11,455 as upper middle income, between $936 and $3,705 as lower middle income, and for lower income countries...
    , High human development, OECD member, Advanced Emerging market
    Emerging markets

    The term Emerging markets is used to describe a nation's social or business activity in the process of rapid Economic growth and industrialization....
    , G-20 major economies, G8+5
    G8+5

    The G8+5 group of leaders consists of the Head of government from the G8 nations , plus the heads of government of the 5 leading emerging economies ....
     member, NAFTA, APEC member
  • Philippines
    Economy of the Philippines

    The economy of the Philippines has a mixed economy, and one of the newly industrialized country emerging markets economies of the world. In 2007, it was ranked as the 37th List of countries by GDP by the International Monetary Fund according to purchasing power parity....
    : Lower-middle-income economy
    List of countries by GNI (PPP) per capita

    This article includes list of countries of the world sorted by their GNI per capita at purchasing power parity in 2007.Countries with a GNI per capita of $11,456 or more are described as high income countries, between $3,706 and $11,455 as upper middle income, between $936 and $3,705 as lower middle income, and for lower income countries...
    , Medium human development
    List of countries by Human Development Index

    File:2006nian Renlei Fazhan Zhishu.svgThis is a list of countries by Human Development Index as included in a United Nations Development Program's Human development Statistical Update released on December 18, 2008, compiled on the basis of data from 2006....
    , Secondary Emerging market
    Emerging markets

    The term Emerging markets is used to describe a nation's social or business activity in the process of rapid Economic growth and industrialization....
    , G20 developing nations
    G20 developing nations

    The G20 is a trade bloc of developing countrys established on 20 August 2003. The group emerged at the 5th Ministerial WTO conference, held in Canc?n, Mexico from 10 September to 14 September 2003....
    , APEC founding member, ASEAN founding member, EAS founding member
  • Turkey
    Economy of Turkey

    Turkey's economy is a complex mix of traditional craftsmanship and modern industry, increasingly dominated by the latter. Turkey has a strong and rapidly growing private sector, yet the state still plays a major role in industry, banking, transport, and communications....
    : Upper-middle-income economy, Medium human development, OECD member, Secondary Emerging market
    Emerging markets

    The term Emerging markets is used to describe a nation's social or business activity in the process of rapid Economic growth and industrialization....
    , G-20 major economies, EU Customs Union
    European Union-Turkey Customs Union

    On 31 December 1995 the European Union Customs Union between Turkey and the European Union came into effect. Goods can travel between the two entities without any customs restrictions....
    , ECO
    Economic Cooperation Organization

    The Economic Cooperation Organization is an intergovernmental international organization involving ten Asian nations. It provides a platform to discuss ways to improve development and promote trade, and investment opportunities....
     member


Developing country


  • Indonesia
    Economy of Indonesia

    Indonesia has the largest economy in Southeast Asia, and is one of the emerging markets economies of the world. It has a market-based economy in which the government plays a significant role by owning more than 164 state-owned enterprises and administers prices on several basic goods, including fuel, rice, and electricity....
    : Lower-middle-income economy, Medium human development, Secondary Emerging market, G-20 major economies, APEC founding member, ASEAN founding member, EAS founding member
  • Iran
    Economy of Iran

    The economy of Iran is dominated by oil and gas exports which constituted 70% of government revenue and 80% of export earnings as of 2008. It has a large public sector, with an estimated 60% of the economy directly controlled and centrally planned economy by the state....
    : Lower-middle-income economy, Medium human development, OPEC
    OPEC

    The Organization of Petroleum Exporting Countries is a cartel of twelve countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela....
     founding member, ECO
    Economic Cooperation Organization

    The Economic Cooperation Organization is an intergovernmental international organization involving ten Asian nations. It provides a platform to discuss ways to improve development and promote trade, and investment opportunities....
     member, Group of 15 member, Developing 8 Countries
    Developing 8 Countries

    The Developing 8 are a group of developing countries with large Muslim populations that have formed an economic development alliance. Combined, the countries made up 13.5% of the global population in 1997....
  • Nigeria
    Economy of Nigeria

    The petroleum-based economy of Nigeria, long hobbled by political instability, corruption, and poor macroeconomic management, is undergoing substantial economic reform under the new civilian administration....
    : Low-income economy
    List of countries by GNI (PPP) per capita

    This article includes list of countries of the world sorted by their GNI per capita at purchasing power parity in 2007.Countries with a GNI per capita of $11,456 or more are described as high income countries, between $3,706 and $11,455 as upper middle income, between $936 and $3,705 as lower middle income, and for lower income countries...
    , Low human development
    List of countries by Human Development Index

    File:2006nian Renlei Fazhan Zhishu.svgThis is a list of countries by Human Development Index as included in a United Nations Development Program's Human development Statistical Update released on December 18, 2008, compiled on the basis of data from 2006....
    , OPEC member, Frontier market
    Frontier markets

    The term frontier markets is commonly used to describe the equity markets of the smaller and less accessible, but still "investable", countries of the developing world....
    , G20 developing nations
  • Pakistan
    Economy of Pakistan

    Pakistan has the third fastest growing economy in Asia. Its economy encompasses textiles, chemicals, food processing, agriculture and other industries....
    : Low-income economy, Medium human development, Secondary Emerging market, G20 developing nations, SAARC founding member, ECO
    Economic Cooperation Organization

    The Economic Cooperation Organization is an intergovernmental international organization involving ten Asian nations. It provides a platform to discuss ways to improve development and promote trade, and investment opportunities....
     member, Developing 8 Countries
  • Vietnam
    Economy of Vietnam

    Vietnam's economy is a developing economy. Throughout history, Vietnam was among agricultural centers of the world and soon had some commercial port such as Ph? Hi?n and H?i An....
    : Low-income economy, Medium human development, Frontier market, APEC member, ASEAN member, EAS founding member
  • Bangladesh
    Economy of Bangladesh

    According to the IMF gradation, Bangladesh ranked as the 48th largest economy in the world in 2007. Although the economy has grown at the rate of 6-7% p.a....
    : Low-income economy, Medium human development, Frontier market, SAARC founding member, Developing 8 Countries


See also

  • Chindia
    Chindia

    Chindia is a portmanteau word that refers to People's Republic of China and India together in general, and their economies in particular. The credit of coining the now popular term goes to Jairam Ramesh, an Indian politician....
  • BRIC
    BRIC

    In economics, BRIC or BRICs is an acronym that refers to the Emerging markets of Brazil, Russia, India, and People's Republic of China....
     (or BRIMC)
  • Emerging markets
    Emerging markets

    The term Emerging markets is used to describe a nation's social or business activity in the process of rapid Economic growth and industrialization....
  • Four Asian Tigers
  • G20 developing nations
    G20 developing nations

    The G20 is a trade bloc of developing countrys established on 20 August 2003. The group emerged at the 5th Ministerial WTO conference, held in Canc?n, Mexico from 10 September to 14 September 2003....
  • G-20 major economies
  • G8+5
    G8+5

    The G8+5 group of leaders consists of the Head of government from the G8 nations , plus the heads of government of the 5 leading emerging economies ....
  • List of countries by GDP (nominal)
    List of countries by GDP (nominal)

    This article includes a list of List of countries sorted by their gross domestic product , the market value of all final goods and services from a nation in a given year....
    , (per capita
    List of countries by GDP (nominal) per capita

    File:GDP nominal per capita world map IMF 2008.pngFile:GDP per capita.pngThis article includes three lists of countries of the world sorted by their gross domestic product per capita at nominal values, the value of all final goods and services produced within a nation in a given year, converted at market exchange rates to current U.S....
    )
  • List of countries by HDI rank
    List of countries by Human Development Index

    File:2006nian Renlei Fazhan Zhishu.svgThis is a list of countries by Human Development Index as included in a United Nations Development Program's Human development Statistical Update released on December 18, 2008, compiled on the basis of data from 2006....
  • Newly industrialized countries
    Newly industrialized countries

    The category of newly industrialized country or in some cases The Second World is a socioeconomic Categorization applied to several countries around the world by political scientists and economists....
  • VISTA (economics)
    VISTA (economics)

    VISTA is an acronym for Vietnam, Indonesia, South Africa, Turkey, Argentina. It is used in economics in discussing emerging markets....


Further reading

  • - Goldman Sachs study of N-11 nations, Global Economics Paper No: 153, March 28, 2007.


External links

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