Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The N-11 never acquired the cachet of the BRIC acronym, which I coined in 2001 to describe a bloc of emerging economies (Brazil, Russia, India, and China) that stood to have a significant impact on the world economy in the future.In other words, while its population is slightly larger than that of China or India, its economy is about half the size of China's, but larger than Japan's and more than twice the size of India's.Eight years later, the MIST economies still have a chance to account for around 2-3 percent of world GDP.Of the other seven N-11 economies, Nigeria, Vietnam and perhaps Iran stand out for having the most potential. Still, each faces serious obstacles to becoming a $1 trillion economy, never mind accounting for 2-3 percent of world GDP.Given the size of its output, the N-11's growth is contributing significantly to the world economy, alongside the primary drivers of China and India.An unblinkered view of the world reveals many promising signs, especially for the global economy.
Has the world economy reached peak growth?
Business owners should embrace wage increases
A living wage for capitalism, the path forward
FOLLOW THIS ARTICLE