Newly industrialized countries

The catagory of Newly Industrializing Countries (NICs) is a social/economic classification status applied to several countries around the world by political scientists and economists.

NICs are countries that are not quite yet at the status of a full-fledged capitalist liberal democracy[?], but still more advanced than countries in the third world or in the catagory of least developed countries.

NICs usually share some common features, including:

A recent switch from agriculturial to industrial economies.
Recent reforms allowing for creater political liberalization and democracy.
Increased social freedoms and civil rights.
An increasingly "open" economy, allowing for freer trade with its neighbours.

NICs often receive lots of support from Non-governmental organizations[?] like the WTO, and other internal support bodies.

Some examples of NICs include India, Mexico, and South Africa.

		Newly industrialized countries
		The catagory of Newly Industrializing Countries (NICs) is a social/economic classification status applied to several countries around the world by political scientists and economists. NICs are countries that are not quite yet at the status of a full-fledged capitalist liberal democracy[?], but still more advanced than countries in the third world or in the catagory of least developed countries. NICs usually share some common features, including: A recent switch from agriculturial to industrial economies. Recent reforms allowing for creater political liberalization and democracy. Increased social freedoms and civil rights. An increasingly "open" economy, allowing for freer trade with its neighbours. NICs often receive lots of support from Non-governmental organizations[?] like the WTO, and other internal support bodies. Some examples of NICs include India, Mexico, and South Africa.
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