It is not an MEDC nor a LEDC, it is a NIC (Newly industralized country)
it has qualities of both and thus it s a NIC Newly Industralized Country
You mean "developed" or industrialized? No. It is an "emerging market" or "newly industrialized country".
Mexico did.
NO not any more it is now consider a Newly industrialized country
Emerging market or Newly Industrialized Country (NIC). It means it is a developing, capitalist country.
Newly industrialized countries are those that have been developed and have obtained a high level of technology and economic advancements. A newly industrialized country would be South Africa.
It is known as Emerging Market (EM) or Newly Industrialized Country (NIC).
Mexico has a traditional capitalist economy, transitioning to a modern capitalist one -- Mexico is an Emerging Market (EM), or Newly Industrialized Country (NIC).Mexico has never been a command economy.
newly industrializing
No.It's a newly industrialized country which is up to par with Mexico, China, and India.It's fastly approaching to a developed country status. Also, poverty in Malaysia is relatively lower than other countries such as Thailand, Vietnam, etc.
The phrase "newly industry nation" would be an awkward construction. It should not be used in a sentence. However, you could write "newly industrialized nation".The country was a newly industrialized nation.The poorest country in the world showed signs of becoming a newly industrialized nation.