The rapidly growing economies of the world are known as newly industrializing economies (NIEs) but more recently are termed what?

Name: The rapidly growing economies of the world are known as newly industrializing economies (NIEs) but more recently are termed what?
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Newly industrializing economies are now commonly known as emerging economies. This term more accurately reflects their position as rapidly growing economies that are transitioning from developing to developed countries.

The Rapidly Growing Economies of the World Are Known as Newly