The N-11 is made up of: Bangladesh, Egypt, Indonesia, Iran, South Korea, Mexico, Nigeria, Pakistan, Philippines, Turkey and Vietnam. Some of these upstarts may even become members of the increasingly assertive BRICS.
The moment the sanctions regime vanishes, arguably sometime in early 2016, Iran will become the hottest N-11 in the world. It’s very hard to beat its roll call of assets: a consumer market of more than 80 million, largely well educated people; a human capital mix that is even more attractive than Turkey; and in the all-important energy front, a combination of as much oil as Saudi Arabia, as much gas as Russia, and arguably more mineral resources than Australia.
So sanctions killed off a lot of kids, but now the rich will be richer. Interesting.