Know your BRIC and your N11
As regular visitors to NightHawk will know, this blog has a strong international flavour on the grounds that Britain is not the world and we all need to know more about other parts of the globe.
Certain countries are proving particularly interesting because of their rate of economic growth and potential for international investment.
In 2003, merchant bankers Goldman Sachs coined the term BRIC which refers to Brazil, Russia, China and India.
Then, in 2003, the same merchant bank came up with the new term N11 or Next 11 referring to Bangladesh, Egypt, Iran, South Korea, Mexico, Nigeria, Pakistan, the Philippines, Turkey and Vietnam.
So, if you have money to invest on a global scale, these are economies for you consider. On the other hand, you’re probably wondering how you’re going to fund the family Christmas.