newly industrializing country


Also found in: Acronyms.

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.
References in periodicals archive ?
In this construct, the Philippines is still a newly industrializing country (NIC) prior to becoming a tiger economy.
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.
The end result of any "improvements" in both tertiary and the lower levels of the educational pyramid as suggested by several of the authors would be the creation of a meritocratic society much better prepared for an industrial process which would enable Indonesia to proceed more quickly to a newly industrializing country (NIC) status.
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.