Newly industrializing country (NIC)

Newly industrializing country (NIC),

Definition of Newly industrializing country (NIC):

  1. A classification used by socioeconomic analysts to describe a country that has a growing industrial economy and a developing trade status in the global marketplace. For example, a newly industrializing country could include Brazil, China, India, Korea, Mexico. Also called newly industrializing economy.

Meaning of Newly industrializing country (NIC) & Newly industrializing country (NIC) Definition