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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 ...
Nov 29, 2023 · The 20th Party Congress highlighted the need to “build a modern economic system, form a new development pattern, and basically realize new industrialization, informatization, urbanization, and agricultural modernization.” March, 2023: Press Conference held by the State Council on Promoting the New Industrialization to Bolster the Real Economy
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Mar 6, 2017 · Abstract. Newly industrializing economies (NIEs) are those regions and countries that have undergone rapid economic growth via export-oriented industrialization since World War II. This entry discusses three different, but interrelated, approaches to explain the rise of NIEs: the liberal market approach, focusing on international trade and ...
- Shiuh‐Shen Chien, Liang‐Chih Chen, Dong‐Li Hong
- 2017
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
Jan 12, 2017 · In 1960, 10 out of 15 large developing Asian economies were either extremely low-income, or low-income. By 1980 just over half of all economies in the region had reached middle-income status, and by 2015 more than 95% of people in the region lived in middle-income economies. This dramatic transformation coincided with a period of strong export ...
Sep 22, 2023 · We enter a new era with a marked gear change in the China growth engine. China’s GDP grew at a compound annual rate of about 10 percent between 1990 and 2000, 11 percent from 2000 to 2010, and 7 percent between 2010 and 2020. In the period to 2025, the consensus of projections is around 4 to 5 percent. 88.
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 ...
