newly industrializing country
Also found in: Acronyms.
newly industrializing countrya 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