Newly Industrialized Countries


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Related to Newly Industrialized Countries: Developing countries

Newly Industrialized Countries (NICs)

NIC's are countries with high-growth industrial economies, such as Hong Kong and Malaysia.

Newly Industrialized Countries

Countries with a lower GDP relative to the developed world but with a higher level of GDP growth. Newly industrialized countries are characterized by a great deal industry and/or international trade. Newly industrialized countries have relatively (though not entirely) stable governments. Some newly industrialized countries have a great deal of government intervention while others have a lesser amount. Examples of newly industrialized countries include Mexico and China. See also: International development.
References in periodicals archive ?
Articles focusing on industrial countries were found to be significantly more people-centered, whereas articles focusing on newly industrialized countries were significantly more data-centered ([?
Deficits with Japan, Western Europe, Canada, and Mexico all decreased in the third quarter, while deficits with China and the newly industrialized countries in Asia swelled.
Conditions were solid in the environment of the consumer, commerce, and automotive components industries, reflecting rising interest in the environment and energy savings in developed countries, in addition to special demand due to exceptionally hot summer weather in the Northern Hemisphere and expansion of demand primarily for digital home appliances in China and other newly industrialized countries.
These nations' currencies were tied to the dollar during 1986, so that when the value of the dollar fell, the newly industrialized countries did not lose the cost advantage they enjoyed.
dollar depreciated 2 percent on a trade-weighted quarterly average basis against the currencies of 10 industrial countries and 1 percent against the currencies of 22 OECD countries plus 4 newly industrialized countries in Asia (table B, chart 1).
This, O'Reilly explained, gives Heinz "the means to build our markets throughout Asia, whose newly industrialized countries are growing at a rate of 6 percent each year.
com/reports/c68226) has announced the addition of "Wealth Management Technology Spending in Developed and Newly Industrialized Countries In APAC (Databook)" to their offering.
dollar depreciated 4 percent on a trade-weighted quarterly average basis against the currencies of 10 industrial countries and 2 percent against the currencies of 22 OECD countries plus 4 newly industrialized countries in Asia (table B, chart 1).
In addition, the price advantages of recycled chips generate opportunities not only in developed markets, but also in the newly industrialized countries of Central Europe, Latin America and parts of Asia, where there is a significant demand for earlier generation chip technologies.
With newly industrialized countries offering the opportunity to significantly reduce manufacturing expenses through lower labor and material costs, OEMs prefer to shift operations to foreign shores.
The increase in capital spending planned for 1993 is concentrated in Asia and Pacific, mainly in several newly industrialized countries, and in "Latin America and Other Western Hemisphere," particularly Mexico and Brazil.
This is because original equipment manufacturers (OEMs) -- the core customers of the VSD market -- are shifting production to newly industrialized countries.