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Asian newly industrialized countries

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    However, it has often been taken for granted by many people that their social development is equally satisfactory. In order to investigate whether this belief is true or not, this paper looks at the levels of social development these countries have attained. Various measures of their quality of life will be assessed. Specifically, poverty, income distribution and environmental degradation are discussed. Despite their economic success, this study has found that most tigers are plagued by problems of poverty, increasing income disparities and environmental degradation.
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    Newly industrialized country

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    Newly industrialized country - Wikipedia

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    Newly Industrialized Country – NIC

    The category of newly industrialized country NIC , newly industrialized economy NIE [1] or middle income country [2] is a socioeconomic classification applied to several countries around the world by political scientists and economists. They represent a subset of developing countries whose economic growth is much higher than other developing countries; and where the social consequences of industrialization , such as urbanization , are reorganizing society. NICs are countries whose economies have not yet reached a developed country's status but have, in a macroeconomic sense, outpaced their developing counterparts.
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    Most observers of the Pacific Basin economies have been looking at socio-cultural explanations of the success the so-called "NIEs", i. South Korea, Taiwan, Singapore and Hong Kong, have had in developing their economies in the last three decades. While these explanations are certainly worthwhile, they are not sufficient.
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