02.12.08 The chose these states, all with promising outlooks for investment and future growth, on December 12, 2005.
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]
GS believes that following BRICs (Brazil, Russia, India and China), these eleven economies may become influential by 2050 because of the projected size of their economies.
Among them, Korea and Mexico are particularly important. Mexico will become the sixth-largest economy. By 2050, Korea will become richer (in income per capita) than any of the current G7s (Canada, France, Germany, Italy, Japan, U.K., U.S.) except the U.S. GDP per ...
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