Next Eleven

When the Next Eleven (N -11) is referred to, according to a study published by Goldman Sachs chief economist Jim O'Neill in December 2005 List, eleven countries with high population, which could experience a similar economic boom like that of him for the first time in November 2001 published BRIC countries Brazil, Russia, India and the PRC.

Next Eleven countries

The following countries are included among the Next Eleven:

  • Egypt Egypt
  • Bangladesh Bangladesh
  • Indonesia Indonesia
  • Iran Iran
  • Mexico Mexico
  • Nigeria Nigeria
  • Pakistan Pakistan
  • Philippines Philippines
  • Flag of South Korea South Korea
  • Turkey Turkey
  • Vietnam

Classification criteria

First, the team of analysts Investment Bank appraised 170 nations primarily on its sustainable growth ability. Then this using the Growth Environment Scores ( GES; approximately: Review of relevant growth environment ) were evaluated. This takes into account:

  • Macroeconomic factors
  • Human capital
  • Political Factors

Development potential

The best opportunities for above- average economic growth are currently being repeatedly attested Vietnam. The 84 million inhabitants Socialist Republic joined in January 2007 as the 150th country in the World Trade Organization. After decades of planned economy to open the country since the Đổi mới decisions in 1986 reinforced the West. Economic growth at just under 8 percent, only marginally behind China and India, the export has recently tripled. The guided in Ho Chi Minh City Vietnam VN Index has since its launch on March 1, 2002 until today almost tenfold ( January 2007). Consequently, more and more financial products with a focus on Vietnam will be launched. By 2010, the approximately 6,000 state-owned enterprises of the country, which currently account for about 40 percent of the economic performance of Vietnam, be privatized. To date, one third of the company already has changed hands.

However, there are also risks: The infrastructure is still lagging far behind the new economic demands of the country. Rampant bureaucracy and corruption as well as a need of reform legal system will hinder spite of WTO accession for some time investment in strategically important industries.

The 242 million citizens populous by far N-11 country is Indonesia. The workers are highly qualified, the country offers many commodities. South Korea is one of Jim O'Neill Mexico next to the two most promising N-11 nations. Mexico, the only Latin American N-11 country has 5% of high economic growth at a low unemployment rate of 4%. The Goldman Sachs chief economist sees Mexico 2050 already as the fifth largest economy in the world - behind China, the U.S., India and Japan, but even before Russia and Germany. Even the Mexican IPC index has risen over the past four years, more than 350%. The country is one of the largest oil exporters in the world.

In Turkey, the political reforms of recent years and the potential EU membership seen as the drivers of the Turkish economy. With a growth rate of 8.9 percent, the country was in Europe and the OECD countries at the top and was able to achieve the highest rate in the world with 10.2 percent growth in the first half of 2011. Even today, Turkey is one of the 20 largest economies in the world. The driving force is the most powerful industry, especially the automotive and supplier industry, textile and clothing industry and the construction industry.

In Egypt, the stock market index EGX 30 (formerly CASE 30 Index ) lost to the record growth of the previous years in 2011 within a few weeks, more than 40 percent of its value. Nevertheless, this country remains an attractive market with the eleventh-largest natural gas reserves in the world and its young population from an average of 24 years.

Nigeria, the most populous country in Africa, has very large oil and gas reserves, but more than 50 percent of the population still live in poverty. The lack of infrastructure, especially in the area of ​​power supply and transportation, is the main obstacle to economic development. Economic growth was regularly in recent years between seven and eight percent, but has so far been largely attributed to the high oil revenues. Other successful areas are banking, telecommunications and agriculture. For Nigeria's downsides include political instability, economic crime and corruption.

In particular, in Bangladesh and Iran are the political risks should not be underestimated.

Open economy EGX 30 Index G20 developing nations
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