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The category of newly industrializing countries (NICs) is a social/economic classification status applied to several countries around the world by political scientists and economists. NICs are countries that are not quite yet at the status of a full-fledged first world nation, but still more advanced than countries in the third world or in the category of least developed countries.
NICs usually share some common features, including:
- A recent industrialisation (a switch from agricultural to industrial economies)
- Recent reforms allowing for greater political liberalization and democracy.
- Increased social freedoms and civil rights.
- An increasingly "open" economy, allowing for freer trade with its neighbours.
NICs often receive support from non-governmental organizations such as the WTO and other internal support bodies.
Some examples of NICs are India, Argentina, Brazil, Mexico, and South AfricaSouth Africa is a republic at the southern tip of Africa. It is bordered to the north by Namibia, Botswana and Zimbabwe, to the north-east by Mozambique and Swaziland. Lesotho is contained entirely inside the borders of South Africa. South Africa is one o.
