Next Eleven
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Next Eleven
N-11 nations in red. From left: Mexico, Nigeria, Egypt, Turkey, Iran, Pakistan, Bangladesh, Indonesia, Vietnam, South Korea, Philippines 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.
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