tag:blogger.com,1999:blog-8278279504304651957.post7546278120227606594..comments2024-03-26T19:25:43.970-07:00Comments on South Asia Investor Review: Pakistani Stocks Beat BRIC Shares in 1999-2009Riaz Haqhttp://www.blogger.com/profile/00522781692886598586noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8278279504304651957.post-46722721119803230592012-03-17T22:52:05.695-07:002012-03-17T22:52:05.695-07:00Goldman Sachs' Jim O'Neill has reaffirmed ...Goldman Sachs' Jim O'Neill has reaffirmed his optimism about N-11 group of countries which includes Pakistan. Here's an excerpt from a <a href="http://www.vancouversun.com/business/emerging-markets/Looking+beyond+BRICs+Neill+next/6252450/story.html" rel="nofollow">Vancouver Sun story</a>:<br /><br /><i>In his book, The Growth Map, O’Neill attempts to look beyond the original concept and expand on it. Hence his “Next 11”: Bangladesh, Egypt, Indonesia, Iran, South Korea, Mexico, Nigeria, Pakistan, the Philippines, Turkey, and Vietnam. However, O’Neill is quick to point out that not all of these countries are equally primed for investment.<br /><br />This is a group of “very, very diverse countries,” he says. “On one level, I’m always quite embarrassed about the acronym N-11 because all it is ... is a phrase to describe the next 11 population countries after the BRICs, and that’s it.”<br /><br />Indeed. The N-11 ranges from stalwarts of emerging-market investing, such as South Korea, Turkey, and Mexico, to countries that even the boldest investors tend to be wary of, such as Pakistan and Iran.<br /><br />O’Neill posits that countries with huge populations and low gross domestic products per capita will be able to catch up to the developed world more quickly than they could have 50 or 100 years ago, as the economic centre of gravity shifts away from the West.<br /><br />In order to assess countries’ capacity to generate sustainable growth, O’Neill has come up with a set of 13 variables (from education to rule of law to fiscal health to internet penetration) that combine to make what he calls a “growth environment score.” On this measure, the highest-scoring country, South Korea, tops every G8 country except one – Canada.<br /></i><br /><br />Read more: http://www.vancouversun.com/business/emerging-markets/Looking+beyond+BRICs+Neill+next/6252450/story.html<br /><br />Another excerpt from UAE's <a href="http://www.thenational.ae/thenationalconversation/industry-insights/economics/master-brickie-builds-new-creation" rel="nofollow">The National</a>:<br /><br /><i>Mr O'Neill, as one of the world's top economists and global chairman of Goldman Sachs' asset management business, has detailed answers for all the critics, although he does concede: "Maybe I'm too proud of my creation".<br /><br />He was speaking in Dubai ahead of the Goldman Sachs Asset Management conference on the Middle East and North Africa, an annual gathering designed to work out the bank's broad investment approach to the region.<br /><br />Whatever the critique of the Bric concept, there is no doubt it has become one of the guiding principles of economic and financial theory of the past decade, and has helped to change the way businessmen and financiers view the world.<br /><br />He recently updated the concept to take in what he calls the Next 11 or N-11 economies: Bangladesh, Egypt, Indonesia, Iran, South Korea, Mexico, Nigeria, Pakistan, the Philippines, Turkey and Vietnam.<br /><br />His visit took in the UAE and other GCC states, and prompted some typically down-to-earth observations on the region's potential.<br /><br />"From the broad Middle East region, there are two countries that have the population size to eventually become big enough, or N-11: Egypt and Iran. Both are in our list already," he says.<br /><br />"No individual GCC country could reach their potential. If you thought of the GCC collectively, then you might think of them as having Bric-like potential, but not alone."<br /><br />Even the biggest GCC country, Saudi Arabia, with its population of an estimated 25 million, is not a candidate for the lists currently, mainly because it lacks the basic criterion of having an economy that is more than 1 per cent of global GDP, Mr O'Neill argues.</i><br /><br />http://www.thenational.ae/thenationalconversation/industry-insights/economics/master-brickie-builds-new-creationRiaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-8278279504304651957.post-81446652536010986632010-01-19T13:15:03.019-08:002010-01-19T13:15:03.019-08:00how do other OIC nations piece into this?
http://...how do other OIC nations piece into this?<br /><br />http://www.alhambrauschamber.org/blog/what-oic-giving-voice-57-nations-and-15-billion-peopleUnknownhttps://www.blogger.com/profile/01596502188060036875noreply@blogger.com