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  1. The term came into use around 1970, when the Four Asian Tigers of Taiwan, Singapore, Hong Kong and South Korea rose to become globally competitive in science, technological innovation and economic prosperity as well as NICs in the 1970s and 1980s, with exceptionally fast industrial growth since the 1960s; all four countries having since ...

  2. I. Introduction. 1 The Asian newly industrialized economies (NIE's), namely Hong Kong, South Korea, Singapore and Taiwan are attracting world-wide attention for five layers of reasons: There is quasi-unanimity in recognizing them as success stories in industrial development and economic growth.

    • Michèle Schmiegelow
    • 1992
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  4. Manisha Singal Richard E. Wokutch. newly industrialized country (NIC), country whose national economy has transitioned from being primarily based in agriculture to being primarily based in goods-producing industries, such as manufacturing, construction, and mining, during the late 20th and early 21st centuries. An NIC also trades.

  5. Dec 24, 2020 · Updated December 24, 2020. Reviewed by Eric Estevez. What Is a Newly Industrialized Country? (NIC) A newly industrialized country (NIC) is a term used by political scientists and economists...

    • Christina Majaski
  6. If anything, the Asian economies with their most impressive and dynamic growth should logically be called developing countries. Instead, we call them threshold countries, newly industrializing countries (NICs) or newly industrializing eco­ nomies (NIEs), the latter term taking into account the Chinese argument that Hong Kong and Taiwan should ...

  7. Mar 20, 2024 · In more recent times, countries like South Africa, Mexico, Brazil, China, India, Malaysia, the Philippines, Thailand, and Turkey have been considered NICs. Notably, Hong Kong, Singapore, South Korea, and Taiwan are collectively known as the Four Asian Tigers.

  8. The renewed interest in the role of the state in economic growth and development has been focused on the four newly industrialised economies (NIEs) of Asia—Hong Kong, Korea, Singapore, and Taiwan.

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