Ingenieur Vol. 64 Oct-Dec 2015 Ingenieur Vol 64 Oct-Dec 2015 | Page 65

MINTS Mexico, Indonesia, Nigeria and Turkey Mexico, Indonesia, Nigeria and Turkey all have very favorable demographics for at least the next 20 years, and their economic prospects are interesting. CIVETS EAGLE Columbia, Indonesia, Vietnam, Egypt, Turkey and South Africa EAGLE stands for “Emerging And Growth-Leading Economies”. Countries: Bangladesh, Brazil, China, India, Indonesia, Iraq, Mexico, Nigeria, Pakistan, Phillipines, Russia, Saudi Arabia, Thailand & Turkey. EAGLE is a grouping acronym created in late 2010 by BBVA Research to identify all emerging economies, whose expected contribution to world economic growth in the next ten years is expected to be larger than the average of the G6 economies (G7 excluding the U.S). The EAGLE economies are expected to lead global growth in the next ten years, and to provide important opportunities for investors. These countries are favored for several reasons, such as “a diverse and dynamic economy” and “a young, growing population”. N-11 (Next Eleven) Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, Turkey, South Korea and Vietnam. These are economies that are viewed with a high potential of becoming, along with the BRICs, among the world’s largest economies in the 21st century. Goldman Sachs chose these states, all with promising outlooks for investment and future growth. The criteria that Goldman Sachs used were macroeconomic stability, political maturity, openness of trade and investment policies, and the quality of education. 63