The North-South analytical categorization is rendered obsolete by the existence of NICs.

Question

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The North-South analytical categorization, which generally divides the world into the wealthy, developed countries of the North and the poorer, developing countries of the South, is not rendered obsolete by the existence of Newly Industrialized Countries (NICs). NICs represent a transitional category of countries that are experiencing rapid economic growth and industrialization, which may challenge some aspects of the North-South divide but do not eliminate the usefulness of this categorization for understanding global economic disparities.

The North-South Analytical Categorization Is Rendered Obsolete by the Existence