A country that has recently increased the portion of its national production and exports derived from industrial operations is called a(n) ________.
A) developed country
B) newly industrialized country
C) emerging market
D) developing country

Question

Quizplus · Accepted Answer

A newly industrialized country (NIC) is a country that has recently increased the portion of its national production and exports derived from industrial operations. NICs have moved away from an agriculture-based economy and towards a more industrialized, urban economy. Examples of NICs include Brazil, China, and India. Developed countries have already gone through this industrialization process, while developing countries are still in the early stages of transitioning to an industrial economy. The term "emerging market" generally refers to countries that are in the process of becoming more economically and politically stable, but it does not necessarily imply that they are focused on industrialization specifically.

A Country That Has Recently Increased the Portion of Its