Next Eleven facts for kids
The Next Eleven (or N-11) are a special group of eleven countries. An important financial company, Goldman Sachs, believes these nations will become some of the world's largest economies. This could happen during the 21st century. They are expected to grow alongside the BRICS countries.
Goldman Sachs chose these countries on December 12, 2005. They picked them because they are great places for people to invest money. This means businesses and people can put their money there. These countries are likely to become much richer very soon.
Contents
What are the Next Eleven Countries?
The Next Eleven group includes nations from different parts of the world. Each country has its own strengths. Together, they show a lot of promise for future economic growth.
List of N-11 Nations
The eleven countries in this group are:
Why are these Countries Important?
These countries are important because they have strong potential. They can grow their economies a lot. This growth can help their people and the world economy.
Good Places for Investment
Goldman Sachs looked for countries where investing money makes sense. Investing means putting money into businesses or projects. This helps them grow and create jobs. These eleven countries have good conditions for investments.
Signs of Future Growth
The experts saw several signs that these countries would grow. These signs include:
- A large and growing population.
- Many young people ready to work.
- Governments that are stable.
- Rules that help businesses.
- Growing trade with other countries.
How Do Countries Become Richer?
Countries become richer through economic growth. This means their total production of goods and services increases. When a country grows, its people often have better lives.
What is Economic Growth?
Economic growth means a country is producing more. It makes more products and offers more services. For example, if a country builds more factories or creates new technologies, its economy grows. This often leads to more jobs and higher incomes for people.
The Role of Investment
Investment is key to growth. When companies or people invest, they build new businesses. They also improve existing ones. This can mean building new roads, schools, or factories. These investments help the country's economy become stronger.
Next Eleven and the BRICS
The Next Eleven are often talked about with the BRICS countries. BRICS stands for Brazil, Russia, India, China, and South Africa. Both groups are seen as important for the future of the world economy.
Similarities and Differences
Both the N-11 and BRICS are emerging economies. This means they are developing quickly. However, the BRICS countries were identified earlier. They are already very large economies. The N-11 are seen as the "next wave" of growth.
Impact on the World
The growth of these countries can change the world. They will have more influence in global trade. They will also play a bigger role in international politics. Their success can inspire other developing nations.
See also
In Spanish: Próximos once para niños
