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.
In the context of the North American Free Trade Agreement (NAFTA) which now includes Mexico, a newly industrializing country, it seems important for international household and organizational marketers to examine the reactions of Canadian and US buyers towards made-in-Mexico products.
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.
The Apec Summit that was first held here in 1996 prescribed the same formulas with the promise of transforming the Philippines into a newly industrializing country.