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The Next Eleven (or N-11) are eleven countries ? Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey, and Vietnam ? identified by Goldman Sachs investment bank as having a high potential of becoming the world's largest economies 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]

Eight of the eleven nations chosen are in Asia. South Korea is the only country labeled as a developed country by both Central Intelligence Agency (CIA) and International Monetary Fund (IMF) in this list, having the largest economy and highest income per capita out of the eleven countries. Apart from Turkey, which is also labeled as a developed country by the CIA, all other countries are either developing countries or newly industrialized countries according to both lists.

Next Eleven countries

Bangladesh: (Developing country, Developing 8 Countries, South Asian Association for Regional Cooperation (SAARC) )
Egypt: (Newly industrialized country, European Neighbourhood Policy (ENP), COMESA, G20 developing nations member)
Indonesia: (Developing country, G20 industrial nations member)
Iran: (OPEC, Economic Cooperation Organization (ECO), Developing 8 Countries, G-15 member)
Mexico: (Newly industrialized country, North American Free Trade Agreement (NAFTA), G8+5, G-20 industrial nations member, OECD member)
Nigeria: (Developing country, G-20 developing nations)
Pakistan: (Developing country, G-20 developing nations member)
Philippines: (Newly industrialized country, APEC member, G-20 developing nations member)
South Korea: (Developed country, Advanced economy (both CIA and IMF), G-20 industrial nations member, ASEAN Plus Three member, APEC member, EAS member, OECD member)
Turkey: (Newly industrialized country, EU Customs Union, G-20 industrial nations member, OECD member)
Vietnam: (Developing country, APEC member)

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