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The rapidly growing economies of the world are known as newly industrializing economies (NIEs) but more...

The rapidly growing economies of the world are known as newly industrializing economies (NIEs) but more recently are termed what

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The newly industrializing economies are more recently termed as newly industrializing countries (NICs) or "advanced developing countries" as they include countries which possess industrialization at an advanced stage and has the potential to be Developed in the near future. The examples of NICs include Mexico, Brazil, Turkey, China Etc. These countries rank between that of underdeveloped countries and those that are highly developed.

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