Four years ago, Goldman Sachs coined the acronym to describe the four nations with the potential to become important economies and turn that promise into reality. The criteria included macroeconomic stability, political maturity, openness of trade and investment policies and quality of education.
That's the upshot of a new Goldman Sachs Group Inc. report on the so-called "BRICs'' economies, or Brazil, Russia, India and China.
next generation of BRICs :
Now, O'Neill and his global team are offering a glimpse at the countries that might constitute the next generation of BRICs. Dubbed the "Next Eleven,'' the list includes Bangladesh, Egypt, Indonesia, Iran, South Korea, Mexico, Nigeria, Pakistan, the Philippines, Turkey and Vietnam.
Oh, Malaysia is not on the list.
However, Indonesia is on the list. The is still a hope from BRIC to IRIC.
However, O'Neill said one stands out in Asia: Korea. Asia's No. 3 economy,is better placed than most others to realize its potential due to its growth-supportive fundamentals.'' (Aside from Korea, Goldman Sachs' other favorite is Mexico).
If South Korea able to elevated and become BRICK. East Asia Submit held last week, which Russia try to join will form a strong triangle among Russia-China-Korea. If South East Asia country able to change from BRIC to IRIC. Then BRICK would become IRICK. Which mean Indonesia, Russia, India, China and Korea....IRICK comprises all countries than attend East Asia Submit last week.
I have benchmark Vietnam with Mexico previously. Thus, Vietnam also have great potential to become second tier develop country. With Philippines become the third tier. Malaysia, although not on the next generation eleven list, but surrounded by three develop countries....Indonesia, India, Philippines, and Vietnam farer a bit might tend to benefit. It is time we try to plan how to take advantage on such situation.
Update: Global Voice Online
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1 comment:
This list is basically the most populous countries in the world (with Ethipia excluded, for obvious reasons). Since Malaysia is only the 44th largest country in the world, by population, it makes sense that its excluded. See List of countries by population.
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