During the 1970s, 1980s, and 1990s, economic growth in the newly industrialized countries ____, while economic growth in rich countries ____.

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During the 1970s, 1980s, and 1990s, economic growth in the newly industrialized countries (NICs) increased, while economic growth in rich countries declined. This was due to factors such as globalization and the shift of manufacturing from rich countries to NICs, leading to increased exports and foreign investment in NICs. Additionally, NICs often had lower labor costs and fewer regulations, making them more attractive for businesses to operate in. Meanwhile, rich countries faced economic challenges such as inflation, high unemployment, and decreased consumer demand.

During the 1970s, 1980s, and 1990s, Economic Growth in the Newly