What is Newly industrialized country?
[[Image:Newly industrialized countries.svg|thumb|350px|Newly industrialized countries as of 2010.]] The term '''newly industrialized country''' ('''NIC''') is a socioeconomic [[classification]] used by [[Political science|political scientists]] and [[Economics|economists]] to talk about several countries around the world. NICs are countries who still are not [[Developed country|developed countries]] but are doing better than other [[developing countries]]. NICs have [[Economic development#Economic growth|fast growing]] economies, and [[export]] a lot. In NICs many things in the country change quickly as people from the country [[migration|move]] to the cities to take jobs in [[factories]]. NICs usually share some other common features, including: *Increased social freedoms and [[civil rights]]. *Strong political leaders. *A switch from agricultural to industrial economies, especially in the [[manufacturing sector]]. *An increasingly open-market economy, allowing free [[trade]] with other nations in the world. *Large national corporations operating in several continents. *A lot of [[investment]] from foreign countries. *Political leadership in the part of the word they are in. *Fewer poor people NICs often receive support from [[international organization]]s such as the [[World Trade Organization|WTO]] and other international support bodies. However, as environmental, labor and social standards tend to be significantly weaker in NICs, many [[fair trade]] supporters have advocated standards for importing their products and criticized the [[outsourcing]] of jobs to NICs. <!-- ==Historical context== The term began to be used ''circa'' 1970 when the [[Four Asian Tigers]]<ref>{{cite web|url=https://www.photius.com/countries/japan/government/japan_government_newly_industrialized~447.html|title=Japan Newly Industrialized Economies - Flags, Maps, Economy, History, Climate, Natural Resources, Current Issues, International Agreements, Population, Social Statistics, Political System|website=www.photius.com}}</ref> of