newly industrializing country

a DEVELOPING COUNTRY that has moved away from exclusive reliance on primary economic activities (mineral extraction and agricultural and animal produce) by establishing manufacturing capabilities as a part of a long-term programme of INDUSTRIALIZATION. Brazil, Mexico and Hong Kong are examples of a newly industrializing country. See STRUCTURE OF INDUSTRY, ECONOMIC DEVELOPMENT.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

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References in periodicals archive

In this construct, the Philippines is still a newly industrializing country (NIC) prior to becoming a tiger economy.

Will we ever attain economic take-off?

P1a: Household and organizational buyers' perceptions of the quality and purchase value of products are more favourable when these products are designed and/or assembled in developed countries than when they are designed and/or assembled in a newly industrializing country.

Comparison of country-of-origin effects on household and organizational buyers' product perceptions

Building upon the foundations laid down by President Aquino, Duterte's approach could be our chance at achieving a truly equitable kind of development and the status of a newly industrializing country.

Duterte's space economics mindset

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