Question

What are some characteristics of the newly industrializing countries

Answer 1

Answer:

A newly industrialized country (NIC) is a term used by political scientists and economists to describe a country with economic development that falls between the classifications of First World and developing. These countries have moved away from an agriculture-based economy and into a more industrialized, urban economy. Newly industrialized countries include increased economic freedoms, increased personal liberties, a transition from agriculture to manufacturing, the presence of large national corporations, strong foreign direct investment, and rapid growth in urban centers resulting from a migration from rural areas into larger and more populated city centers.