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Forget the BRICs and other fancy emerging market acronyms.
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In a monster new report, Citi economist Willem Buiter introduces a group of countries he calls the 3G countries. 3G stands for "Global Growth Generators":
In the previous section, we presented our growth forecasts for 2010 to 2050, and discussed the main drivers of growth. In this section, we consider a few countries that stand out in terms of their growth potential over the next four decades. As part of that effort, we construct the 3G Index, which is a weighted average of six growth drivers that we and the literature surveyed in earlier sections consider important. The six components of the index are (1) a measure of domestic saving/ investment, (2) a measure of demographicprospects, (3) a measure of health, (4) a measure of education, (5) a measure of the quality of institutions and policies, and (6) a measure of trade openness.
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