In 2005, Goldman Sachs identified the Next 11 (N-11) largest populations after BRIC, which—combined with economic and political conditions—could greatly impact the global economy. The N-11 countries include Bangladesh, Egypt, Indonesia, Iran, Korea, Mexico, Nigeria,Pakistan, Philippines, Turkey and Vietnam.This is exciting!
BRIC: Created and Coined by Goldman Sachs
In 2001, Goldman Sachs created and coined the term BRIC—Brazil, Russia, India and China—to identify the world’s fastest growing economies. Countries that, we believe, are our next global leaders. Our latest forecasts illustrate their anticipated momentum as key drivers of global economic recovery, to potentially become four of the world’s top six economies by 2032.
Interesting for a fact that Occidentals are gaining their positions and getting their secret weapons ready for a pandemic development. The globe is getting an overhaul starting now.
The once colonialized, dormant countries are paving the way to be part of the top global economies. One day, Asians! Get ready, we will be the hegemony! I do not like to point China because…
Kidding aside what Patrick star has said. It could be harsh reality. We are aiming for our property that is within Philippines Area of Responsibility, however China insists that it should be their island. Moving on...
I would want to talk about globalization but this caught my attention because on one of my class, we kept discussing about the BRIC, then there’s TIP (Thailand, Indonesia, Philippines), and fortunately now, stumbled on Goldman Sach’s website! I would want to share this because with our small help, we keep our economy, culture alive. And that, we are not resources to be thrown away! We are to be keep and protected!