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3G (countries)
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3G countries or Global Growth Generators countries are 11 countries economies which have been identified as sources of growth potential and of profitable investment opportunities.

Contents
[hide]

1 Background 2 3G Index Score 3 3G countries 4 Others countries 5 The Top 10 Largest Economies in the World 6 Comparison with BRIC 7 References 8 External links

[edit]Background
February 2011: Citigroup analysts Willem Buiter and Ebrahim Rahbari said that BRICS (BRIC plus South Africa) countries have "outlived their usefulness". So, long run continues growths are important, although the eleven countries identified are poor today and have decades of catch-up growth to look forward to.[1]

The grouping based on a weighted average of 6 growth drivers:

[edit]3G

Domestic saving/investment Demographic prospects Health Education Quality of institutions and policies Trade openness

Index Score

Global Growth Generators (3G) countries 2010-2050

Country

2010 GDP/Capita[2]

% of US GDP/Capita[3]

% Av. Growth

3G Index

Bangladesh $1,735

6.3

0.39

China

$7,430

16

5.0

0.81

Egypt

$5,878

13

5.0

0.37

India

$3,298

6.4

0.71

Indonesia

$4,363

10

5.6

0.70

Iraq

$3,538

6.1

0.58

Mongolia

$3,764

6.3

0.63

Nigeria

$2,335

6.9

0.25

Philippines $3,684

5.5

0.60

Sri Lanka

$4,988

11

5.5

0.33

Vietnam

$3,108

6.4

0.86

Note: China and India highligted in Gold with Bold text as also BRIC countries. Bigger index means better conditions. GDP per capita measured at 2010 PPP USD. Average growth is average growth in forecast of real GDP per capita measured at 2010 PPP USD.

[edit]3G

countries

The most promising growth prospects countries are: Bangladesh, China, Egypt, India, Indonesia, Iraq, Mongolia, Nigeria, Philippines, Sri Lanka and Vietnam. China and India as BRIC countries are 3G countries, but not for Brazil, and Russia. Developing Asia and Africa will be fastest growing regions until 2050, driven by population and income growth, so all of 3G countries came from the both continents (Asia by 9 countries and Africa by 2 countries) and no one from the other continents.[4]

October 2011: Based on a report from the HSBC Trade Confidence Index (TCI) and HSBC Trade Forecast there are 4 countries with significant trade volume growth, i.e. Egypt, India, Vietnam and Indonesia with growth expected at least 7.3 percent per year until 2025.
[5]

[edit]Others

countries

Iran and North Korea could catch the 3G countries if they achieve political transitions and open their economies. Some might add Argentina, Burma, and Venezuela. Whether Mexico, Brazil, Turkeyand Thailand will catch 3G countries depends on increasing their domestic saving/investment rates substantially. Some developed countries, such as Ireland, Canada, Australia and the USA could also become 3G countries, as stated in the report.

[edit]The

Top 10 Largest Economies in the World

List of the top 10 largest economies by nominal GDP from 2010 to 2050 (in current billions of USD)[6]

2010 Rank

Country

GDP

2030 Rank

Country

GDP

2050 Rank

Country

GDP

United States

14,612

China

57,138

China

205,321

China

5,860

United States

35,739

India

180,490

Japan

5,465

India

24,824

United States

83,805

Germany

3,292

Japan

9,213

Indonesia 45,901

France

2,602

Brazil

8,780

Nigeria

42,437

United Kingdom

2,259

Russia

7,380

Brazil

33,199

Italy

2,044

Indonesia 7,299

Russia

19,697

Brazil

1,989

Germany

6,466

Japan

16,394

India

1,596

United

5,819

14,738

List of the top 10 largest economies by nominal GDP from 2010 to 2050 (in current billions of USD)[6]

2010 Rank

Country

GDP

2030 Rank

Country

GDP

2050 Rank

Country

GDP

Kingdom

Philippines

10

Canada

1,572

10

France

5,236

10

United Kingdom

13,846

Note: 3G countries are hightlighted in green colour and bold text.

List of the top 10 largest economies by GDP (PPP) from 2010 to 2050 (in current billions of USD)[7]

2010 Rank

Country

GDP

2030 Rank

Country

GDP

2050 Rank

Country

GDP

United States

14,612

China

55,873

India

184,406

China

9,980

United States

35,739

China

171,643

Japan

4,330

India

33,779

United States

83,805

India

3,920

Japan

8,056

Indonesia

29,880

Germany

2,910

Brazil

7,665

Brazil

24,839

Russia

2,200

Russia

6,997

Nigeria

20,399

Brazil

2,160

Indonesia 6,213

Russia

16,667

United Kingdom

2,160

Germany

5,879

Mexico

14,093

List of the top 10 largest economies by GDP (PPP) from 2010 to 2050 (in current billions of USD)[7]

2010 Rank

Country

GDP

2030 Rank

Country

GDP

2050 Rank

Country

GDP

France

2,120

United Kingdom

5,327

Japan

13,900

10

Italy

1,750

10

Mexico

4,645

10

Egypt

12,913

Note: 3G countries are hightlighted in green colour and bold text.

[edit]Comparison

with BRIC

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[edit]References

1.

^ BRICS is passe, time now for '3G' http://www.businessstandard.com/india/news/brics-is-passe-time-now-for-%5C3g%5Cciti/126725/on

2.

^ http://www.businessinsider.com/willem-buiter-3g-countries-20112?slop=1

3.

^ http://ftalphaville.ft.com/blog/2011/02/22/495171/citis-new-meme-g3-orglobal-growth-generators/

4. 5. 6.

^ http://www.sme.com.ph/sme-news/news.php?newsid=2324 ^ "Indonesia fourth in world`s trade volume growth". October 20, 2011. ^ "Global Growth Generator" - Citigroup's study of 3G nations, February, 2011.

7.

^ "Global Growth Generator" - Citigroup's study of 3G nations, February, 2011.

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