btw, Iran is part of the "next 11" while SA is not. I really don't understand where your chest beating is coming from.
"The Next Eleven (or N-11) are eleven countries—Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey, and Vietnam—identified by Goldman Sachs investment bank as having a high potential of becoming, along with the BRICS, the world's largest economies in the 21st century. The bank chose these states, all with promising outlooks for investment and future growth, on December 12, 2005."
Next Eleven countries
Developed country
South Korea: Advanced economy (both CIA and IMF), High-income economy,[2] Very High human development, High-income OECD member, Developed market (in: Dow Jones index, FTSE index, and S&P index),[3] Full democracy, Development Assistance Committee member, G-20 major economies, Four Asian Tigers, KORUS FTA, European Union-Korea FTA, Visa Waiver Program participant, APEC founding member, ASEAN Plus Three founding member, EAS founding member
Newly industrialized country
Iran: Upper-middle-income economy[4], High human development, Islamic Republic, OPEC and GECF founding member, ECO member, Group of 15 member, Developing 8 Countries
Mexico: Upper-middle-income economy,[2] High human development, OECD member, Advanced Emerging market,[5] Flawed democracy, G-20 major economies, G8+5 member, NAFTA, APEC member
Turkey: Upper-middle-income economy,[2] High human development, OECD founding member, Advanced Emerging market,[5] Hybrid regime, G-20 major economies, EU Customs Union, ECO member, EU associate member
Philippines: Lower-middle-income economy,[2] Medium human development, Secondary Emerging market,[5] Flawed democracy, G20 developing nations, APEC founding member, ASEAN founding member, EAS founding member
Developing country
Egypt: Lower-middle-income economy,[2] Medium human development, Secondary Emerging market,[5] Regime in transition, G20 developing nations, CAEU founding member, COMESA member, ENP member
Indonesia: Lower-middle-income economy,[2] Medium human development, Secondary Emerging market,[5] Flawed democracy, G-20 major economies, APEC founding member, ASEAN founding member, EAS founding member
Nigeria: Low-income economy,[2] Medium human development, Frontier market,[6] Flawed Democracy, AU member, OPEC member
Vietnam: Lower-middle-income economy,[2] Medium human development, Frontier market,[6] Authoritarian regime, APEC member, ASEAN member, EAS founding member
Pakistan: Low middle income economy[7] Medium human development, Secondary Emerging market,[5] Hybrid Regime, G20 developing nations, SAARC founding member, ECO member, Developing 8 Countries.
Least developed country
Bangladesh: Low-income economy,[2] Medium human development, Frontier market,[6] Flawed Democracy, SAARC founding member, Developing 8 Countries