DEFINITION of ‘Next Eleven’
Also known as N-11, these are the eleven countries that, according to a Goldman Sachs Group, Inc. (GS) prognosis, have the potential to become the world’s largest economies in the 21st century. These are: Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, the Philippines, Turkey, South Korea and Vietnam.
BREAKING DOWN ‘Next Eleven’
Goldman Sachs made its prediction in 2005, using such criteria as trade openness, economic and political stability, and quality of education.