Introduction After its proposal of the BRICs, in year 2005 Goldman Sachs investment bank chose 11 developing countries to be the Next Eleven (N-11): Bangladesh, Pakistan, Indonesia, Philippines, South Korea, Iran, Turkey, Vietnam, Egypt, Nigeria and Mexico. The criteria include macroeconomic stability, political maturity, openness of trade and investment policies, and the quality of education. The N-11 has high potential of fast econom

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