An example of an NIC is __________.

Question

Quizplus · Accepted Answer

NIC stands for Newly Industrialized Country, which typically refers to developing countries that have experienced rapid economic growth in recent years and are moving towards becoming developed countries. Malaysia fits this definition, as it is classified as an emerging market economy and has seen significant growth in industries such as electronics, petroleum, and palm oil production. Japan, France, and England, on the other hand, are already developed countries and do not fall under the category of NICs.

An Example of an NIC Is __________