Of the following lists, which is a list of newly industrialized countries, otherwise known as NICs?
A)Taiwan, Japan, and South Korea
B)France, Germany, and Hungary
C)The Philippines, Thailand, and Malaysia
D)South Africa, Egypt, and Mali

Question

Quizplus · Accepted Answer

Of these, the list of newly industrialized countries, or NICs, is the Philippines, Thailand, and Malaysia.
Key Takeaway: Newly-industrialized countries, or NICs, are countries whose economies are not yet considered to be part of the First World, but have economically outpaced other developing countries. IN addition, NICs are countries undergoing extremely rapid economic growth. For example, as of 2009, both China and India were considered to be newly-industrialized countries. But according to many economists, these will be two of the three largest economies in the world by 2050.

Of the Following Lists, Which Is a List of Newly