Back in 2001, Jim O'Neill from Goldman Sachs coined the term BRIC to denote four countries with very large populations that he predicted would dominate the world economy in the future. His predictions turned out to be correct. Today the BRIC countries dominate the world economy and even challenge the G8 in world politics.
Goldman Sachs has now moved on from the BRICs and have developed the Next Eleven ("N-11"), a group of eleven frontier market countries. The firm has created the Goldman Sachs N-11 Equity Fund for investors who believe the N-11 countries will experience significant growth.