Wednesday, March 26, 2014

Bangladesh As An Emerging Country

Bangladesh As An Emerging Country As Identified By International Economic & Financial Research Institutes 


Next Eleven

"The Next Eleven (known also by the numeronym N-11) are the eleven countries – Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, the Philippines, Turkey, South Korea, and Vietnam – identified by Goldman Sachs investment bank and economist Jim O'Neill in a research paper as having a high potential of becoming, along with the BRICs, the world's largest economies in the 21st century.

The criteria that Goldman Sachs used were macroeconomic stability, political maturity, openness of trade and investment policies, and the quality of education."

Reference
Next Eleven - Wikipedia




10 New Emerging Countries

The Philippines, Indonesia, Bangladesh and Ethiopia are among 10 countries set to take over as emerging economies from the powerful BRICS nations, a French credit body said.

"After 10 years of frenetic growth" the big 5 emerging economies of Brazil, Russia, India, China and South Africa – the BRICS – "are slowing down sharply," the French trade credit and insurance group Coface said.

But "at the same time, other emerging countries are accelerating their development," it said.

Coface broke the 10 new emerging economies it has identified into two groups.

The first comprises Peru, the Philippines, Indonesia, Colombia and Sri Lanka, which it named the PPICS.

They had "strong potential confirmed by a sound business environment," Coface said.

The second group comprises Kenya, Tanzania, Zambia, Bangladesh and Ethiopia.

But these countries are marked by "very difficult or extremely difficult business environments which could hamper their growth prospects," Coface said.


Reference

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