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3 March, 22:54

What is a newly industrialized nation?

1) a country with an agrarian based economy, but social and political progress

2) a country with a more advanced economy, but not the same social and political progress

3) a country with industry and farming

4) a country with social and political progress, but lacking an advanced economic system

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  1. 4 March, 00:59
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    The correct option is 4.

    Newly industrialized countries are defined as those countries whose economics have not yet reached a developed country status but have outpaced their developing counterparts in term of macroeconomic progress. They are also defined as countries who are undergoing rapid economic growth. One example of a newly industrialized country is Philippines.
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