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.Which of the following would be most appropriate?

Question

Quizplus · Accepted Answer

The best choice for a classification that includes Chile, Brazil, Mexico, and South Korea is NICs (newly industrialized countries). These countries have experienced rapid economic growth and have become more industrialized, but they are not yet at the level of development as the MDCs. This category was first coined in the 1970s to describe these countries' economic progress and development.

According to Information Presented in the Text,Chile,Brazil,Mexico,and South Korea Don't