The newly industrialized countries have per capita incomes lower than LDCs or MDCs.

Name: The newly industrialized countries have per capita incomes lower than LDCs or MDCs.
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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). These countries have shown rapid industrialization of targeted industries and have per capita incomes that exceed other developing countries.

The Newly Industrialized Countries Have Per Capita Incomes Lower Than