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In 2005, Goldman Sachs proposed a list of the Next-11 countries: 11 successors to their 2003 “BRIC” (Brazil, Russia, India and China) hypothesis of nations they predict would become the largest economies in the 21st century. Among the N-11 were two of Southeast Asia’s current rising stars – the Philippines and Indonesia.

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ECONOMIC DEVELOPMENT MASTER PLAN

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Eyeing the Tigers; The Rise of the Philippines and Indonesia

By Ethan Belmonte | December 12, 2012 - 12:00am

In 2005, Goldman Sachs proposed a list of the Next-11 countries: 11 successors to their 2003 “BRIC” (Brazil, Russia, India and China) hypothesis of nations they predict would become the largest economies...

Business