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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 ...
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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Dec 24, 2020 · Newly Industrialized Country - NIC: Newly industrialized country (NIC) is a term used by political scientists and economists to describe a country whose level of economic development ranks it ...
- Christina Majaski
Industrial transformation of Asia arguably constitutes the most surprising and dramatic change in the global economy in the last fifty years. This chapter provides an outline of some of the most important trends of this development and analyses selected national industrial policies that promoted structural transformation in developing Asia ...
Jan 12, 2017 · This will be a more challenging transition than the previous one and will bring new risks as countries become more interlocked with the global economy and vulnerable to external shocks. However, the performances of the newly-industrialized economies offer a way forward for other countries in developing Asia to follow suit in future, the study ...
Abstract. 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. Much of the recent literature tends to crowd these states into an undifferentiated model of the ‘developmental state’.
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 ...
