Newly Industrializing Economies

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Newly Industrializing Economies

Economies with a lower GDP relative to the developed world but still with healthy levels of GDP growth. Newly industrializing economies are characterized by a great deal of industry and/or international trade. Newly industrializing economies have relatively (though perhaps not entirely) stable governments. Some newly industrializing economies have a great deal of government intervention while others have virtually none. Examples of newly industrializing economies include India and Brazil. See also: International development.