Speculations that the BRICS nations (Brazil, Russia, India, China, and South Africa) have reached their growth peak, the so-called second generation of emerging countries could take some of the spotlight. Investment firm Goldman Sachs began an N-11 fund in February which covers the next 11 emerging nations that will “benefit from superior growth potential.”
Countries were added after some analysts predict other emerging economies to be better investments, like Indonesia, Turkey, Egypt, and Mexico according to Goldman’s asset management chairman and originator of the BRIC acronym Jim O’Neill. One reason for this view is that the population is aging and with fewer youths, employment will be a struggle in companies that widely depend on a younger personnel like factories. The UN predicts that the older population in Brazil, Russia, India, and China will see a 46% increase to 295 million by 2020 and to 412 million by 2030. The 15 to 24-year old age group will decline by 61 million by 2030.
O’Neill told Bloomberg that while the BRIC economies (South Africa has not been factored into the current spreadsheets since it was recently added to the bloc) will still remain dominant even if they’ve reached their peak based on the overall size of the current market.
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