The category of newly industrialized country (NIC) is a socioeconomic classification applied to several countries around the world by political scientists and economists. NICs are countries whose economies have not yet reached first world status but have, in a macroeconomic sense, outpaced their developing counterparts. Another characterization of NICs is that of nations undergoing rapid economic growth (usually export-oriented). Incipient or ongoing industrialization is an important indicator of a NIC. In many NICs, social upheaval can occur as primarily rural, agricultural populations migrate to the cities, where the growth of manufacturing concerns and factories can draw many thousands of laborers. NICs usually share some other common features, including: * Increased social freedoms and civil rights. * Strong Political Leaders * A switch from agricultural to industrial economies, especially in the manufacturing sector. * An increasingly open-market economy, allowing free trade with other nations in the world. * Large national corporations operating in several continents. * Strong capital investment from foreign countries. * Political leadership in their area of influence. Examples of NICs include China, India, Mexico, Brazil, South Africa, etc. Source courtesy of http://en.wikipedia.org/wiki/Newly_industrialized_country
Newly industrializing countries (NICs) are nations that have undergone rapid industrialization and economic growth, transitioning from primarily agricultural economies to industrial manufacturing and service sectors. They have seen a significant increase in industrial production, exports, and foreign direct investment. NICs often experience high rates of urbanization and technological advancement, contributing to their economic growth and development. Examples of NICs include countries like South Korea, Taiwan, and Singapore.
South Korea and China
They cut off trade with the newly independent country.…
Czechoslovakia
They cut off trade with the newly independent country.
They cut off trade with the newly independent country.
Lithuania, latvia, estonia, finland, yugoslavia, czechloslovakia. several more but these are the main ones.
Brazil
Asia
A newly industrializing country is a country formerly classified as under developed, but which is becoming rapidly industrialized. The first wave of countries to be identified as newly industrializing included Hong Kong, South Korea, Singapore, and Taiwan. These countries underwent rapid industrial growth in the 1970s and 1980s, attracting significant financial investment, and are now associated with high-technology industries. More recently, Thailand, China, and Malaysia have been classified as newly industrializing countries.
Newly industrialized (or industrializing) countries is where people industrialise by having more machine and more technology
newly industrializing
Newly industrializing
newly industrializing
Newly industrializing (apex)
money
China is 4 wave of new industrializing country.
Mexico and Brazil hold that distinction.
Both countries suffered from population and crowding after industrializing.