What is the term used to depict countries whose standards of living have raised sharply over the years due to industrialization?

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Newly industrializing countries (NICs) are those whose economies have not reached First World status but have, in a macroeconomic sense, outpaced their developing counterparts. This term is used to describe a subset of countries that have achieved significant economic growth, primarily through industrialization, leading to a sharp improvement in their standards of living.

What Is the Term Used to Depict Countries Whose Standards