Newly industrializing economy

From Wikipedia, the free encyclopedia

Economies
Sectors and Systems
  Closed economy
  Dual economy
  Gift economy
  Informal economy
  Market economy
  Mixed economy
  Open economy
  Participatory economy
  Planned economy
  Subsistence economy
  Underground economy
  Virtual economy
Real-World Examples and Models  
  Anglo-Saxon economy
  American School
  Global economy
  Hunter-gatherer economy
  Information economy
  New industrial economy
  Palace economy
  Plantation economy
  Social market economy
  Transition economy
Ideologies and Theories
  Capitalist economy
  Corporate economy
  Natural economy
  Socialist economy
  Token economy
This box: view  talk  edit

The term "Newly Industrializing Economy", coined by the Organization for Economic Cooperation and Development (OECD), describes developing countries that have enjoyed rapid economic growth and can be described as "middle-income" countries.

The term was first applied to Hong Kong, Singapore, South Korea, and Taiwan, but it is often extended to other countries. Also known as NIC (Newly industrialized countries).