Abstract

This paper examines two countries that have the utmost potential to be at the top of N-11

in the next two to three decades. In 2003, the term BRIC was coined to represent the countries

with the utmost potential for economic growth. However, by 2008 the hypothesis had already

been phased out, leading to the new group of N-11 countries. The two countries that have been

considered for this paper are Mexico and Indonesia. The selection criterion leading to these two

countries is based on factors such as investment policies, macroeconomic stability, trade

openness, political maturity, and education. It is important to note that the N-11 group of

countries is a very diverse group in regard to development, urbanization, population, and

investment focus. Despite this, these countries all have a huge potential for growth, but Mexico

and Indonesia have an edge in the factors mentioned above. It is also important to note that there

are factors that could prevent these two countries from following the same path, followed by the

BRIC countries. These factors include a shift in global prices that could greatly affect the

production of goods in these countries, domestic politics, and other restrictive factors. This paper

will also delve into how these countries have the potential to overcome these challenges and

become powerful economies by 2050.