Abstract:

As of 2005, Goldman Sachs has identified eleven highly populated countries as “Next 11” or N-11 by including them in the same classification. Countries such as Bangladesh, Egypt, Indonesia, Iran, South Korea, Mexico, Nigeria, Pakistan, Philippines, Turkey, and Vietnam are included in this classification. It is noteworthy that the populations in all of these countries are at quite high levels. Throughout the 2000-2010 period, the new world economic order has begun to occur. Following the economic recession experienced by countries such as the USA, which was expressed as the world-wide gigantic country in the mid-2000s, it has been observed that the next eleven (N-11) countries,mostly referred to as emerging markets, have begun to attract attention. The aim of the study consists of both examination and comparison of the newly rising world economies, including Turkey, also known as N-11. For this purpose, country markets are evaluated by utilizing economic, financial, and demographic data of these countries’ economies. N-11 countries involve a reflection of the new world economic order. Many of these countries are capableof orienting the future. South Korea has proven this to the whole world with its superior success and rapid growth in producing and using high technology. In this sense, South Korea’s economic success and implemented economic policies should be followed by other N-11 countries to be able to exhibit the same success. Rapid implementations of economic and social reforms that would shape the future of Turkey’s economy, as well as the enhancement of competitiveness in the emerging markets, are required.

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