Newly industrialized country

The category of newly industrialized country (NIC), newly industrialized economy (NIE)[1] or middle income country[2] is a socioeconomic classification applied to several countries around the world by political scientists and economists. They represent a subset of developing countries whose economic growth is much higher than that of other developing countries; and where the social consequences of industrialization, such as urbanization, are reorganizing society.

  1. ^ Cite error: The named reference factbook was invoked but never defined (see the help page).
  2. ^ Patrick H. O’Neil (2018). "Glossary". Essentials of Comparative Politics (6th ed.). W. W. Norton & Company. p. A-19. ISBN 978-0-393-62458-8.