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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

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What newly industrializing countries?

Brazil


What is an NIC country?

Newly industrialized (or industrializing) countries is where people industrialise by having more machine and more technology


A country with a booming economy and improving industrialization is an example of a country?

newly industrializing


Where are most of the newly industrializing countries found?

Most newly industrializing countries are found in regions like Asia (e.g. China, India, South Korea), Latin America (e.g. Brazil, Mexico), and parts of Africa (e.g. South Africa, Nigeria). These countries are transitioning from primarily agriculture-based economies to more diverse industrial and service-based economies.


What is one newly industrialized country?

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.


Not quite developed but moving quickly toward being developed?

Newly industrializing


A country with a booming economy and improving industrialization is an example of a what type of country?

newly industrializing


What is booming economy but not quite at the developed status outpacing others?

Newly industrializing (apex)


What prevents developing countries from fully industrializing?

money


Is Singapore a newly industrialized country?

China is 4 wave of new industrializing country.


Which Latin American countries are industrializing more rapidly?

Mexico and Brazil hold that distinction.


How was industrialization similar in Japan and US?

Both countries suffered from population and crowding after industrializing.