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- Title
Qualitative Outlook on Austrian Companies' Revenue on the Markets of „Next Eleven".
- Authors
Giegerl, David; Bobek, Vito; Horvat, Tatjana
- Abstract
The term „Next Eleven" (N11) was created in 2007 by Goldman and Sachs as a group of emerging markets with a high potential for future economic growth to be - come the new BRICS countries or have a similar growth development as the BRICS countries. These countries increased their share of the world GDP significantly from 2007 to 2019. On the other hand, Austria is considered an exporting nation, and the EU is the most crucial export partner with approximately 70% of all Austrian exports. This empirical study includes an analysis of six indicators for the N11 countries. Based on an analysis of the N11 countries, this study has identified the countries with the highest potential for Austrian exports. The highest potential within the N11 was identified for Vietnam, followed by South Korea and Turkey. The countries with the lowest potential for future Austrian exports are Egypt, Nigeria, and Iran. The implications are important for managers active in export-oriented companies.
- Subjects
BRICS countries; BUSINESS revenue; MARKET potential; EMERGING markets; ECONOMIC expansion; EXPORTS
- Publication
FAIMA Business & Management Journal, 2021, Vol 9, Issue 3, p15
- ISSN
2344-4088
- Publication type
Article