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Thirteen years ago, Jim O’Neill, former chief economist and head of asset management at Goldman Sachs, coined the term BRIC for four countries (Brazil, Russia, India and China) poised to join the G6 in the economic big time. South Africa, added later, made it BRICS. Then, 11 emerging countries, including Iran, South Korea and Pakistan, were singled out as the N11 (Next-11).
Now O’Neill is back, marking out four countries (Mexico, Indonesia, Nigeria and Turkey) from the N11 as ones to watch for huge economic growth.
