Which one of the following sets of countries are classified as newly industrialized countries?
For the current 2023 fiscal year, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $1,085 or less in 2021; lower middle-income economies are those with a GNI per capita between $1,086 and
$4,255; upper middle-income economies are those with a GNI per capita between $4,256 and $13,205; high-income economies are those with a GNI per capita of $13,205 or more. Please note: Regions in this table include economies at all income levels. The term country, used interchangeably with economy, does not imply political independence but refers to any territory for which authorities report separate social or economic statistics. Click
here for information about how the World Bank classifies countries. You can also download the current classification by income
in XLSX format, the historical classification by income in XLSX format, and the comparison with the previous fiscal
year. To explore the world by income and region with interactive tables and maps, please visit the World Development Indicators website. Bold indicates a change of classification. EAST ASIA AND PACIFIC [38] [58]
[42]
[21]
[3]
[8]
[48]
LOW-INCOME ECONOMIES ($1,085 OR LESS) [28]
[54]
UPPER-MIDDLE-INCOME ECONOMIES ($4,256 TO $13,205) [54]
[81]
IDA
[70]
Note: Venezuela has been temporarily unclassified as of July 2021 pending release of revised national accounts statistics. What countries are newly industrialized?There are a handful of nations that are currently categorized as NICs. These nations are Brazil, China, India, Indonesia, Malaysia, Mexico, Philippines, South Africa, Thailand, and Turkey. Most economists and political scientists believe that these are NICs.
Which of the following country is an example of newly industrialized country?Understanding Newly Industrialized Country
In the 1970s and 1980s, examples of newly industrialized countries included Hong Kong, South Korea, Singapore, and Taiwan. Examples in the late 2000s included South Africa, Mexico, Brazil, China, India, Malaysia, the Philippines, Thailand, and Turkey.
What are newly industrialized countries quizlet?NICs are countries whose economies have not yet reached developed or "First World" economic status but have outpaced other developing countries in terms of their economic growth.
How many newly industrialized countries are there?The term "emerging market country" is best described as "newly industrialized country". . Currently, 10 countries belong to this classification, most of which are located in southern and eastern Asia. The largest economies among them are currently China, India and Brazil.
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