According to information presented in the text, Chile, Brazil, Mexico, and South Korea don't exactly fit as MDCs (more-developed countries) or LDCs (less-developed countries). A new category applies to these countries. Identify the category.

Question

Quizplus · Accepted Answer

Countries that are experiencing rapid economic expansion and industrialization and do not exactly fit as LDCs or MDCs are more typically referred to as newly industrialized countries (NICs). Chile, Brazil, Mexico, South Korea, Singapore, and Taiwan are some of the countries that fit this description.

According to Information Presented in the Text, Chile, Brazil, Mexico