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 ?
This entails the danger of being outsmarted in competition by areas outside Europe such as the newly industrialized countries and requires gaining greater influence in Europe to shape the region's role in world trade.
As expected, the publication pattern indicated that very little research is being conducted in the area of international standards in developing and newly industrialized countries.
The newly industrialized countries no longer fit in the "developing world," but they are not yet democratic in the Western sense.
Against the currencies of the newly industrialized countries in Asia, the U.S.
Remember, though, that rapidly growing, newly industrialized countries, including Mexico, face periodic balance-of-payments crises as growth and inflation get out of hand, giving investors a turbulent ride.
dollar depreciated 5 percent against the currencies of 10 industrial countries and 4 percent against the currencies of 22 OECD countries plus 4 newly industrialized countries in Asia (table B, chart 1).
But in addition to this random volatility, energy prices also continue to be influenced by systematic factors, including steeply increased demand from newly industrialized countries, development of alternative sources of energy, usage taxes, the discovery of new fields, and effects related to climatic changes.
Second, prices of goods which are produced by the newly industrialized countries and developing countries were more stable as those countries' currencies did not appreciate substantially against the dollar.
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).
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).
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.
In the third quarter, the dollar depreciated 7 percent on a trade-weighted quarterly average basis against the currencies of 10 industrial countries and 4 percent against the currencies of 22 OECD countries and 4 newly industrialized countries in the Far East (table B, chart 1).