Please take this quick survey to tell us about what happens after you publish a paper. Social Indicators Research. However, it has often been taken for granted by many people that their social development is equally satisfactory. In order to investigate whether this belief is true or not, this paper looks at the levels of social development these countries have attained. Various measures of their quality of life will be assessed.
Newly industrialized country
The Asian Newly Industrialized Economies: A Universal Model of Action
Most observers of the Pacific Basin economies have been looking at socio-cultural explanations of the success the so-called "NIEs", i. South Korea, Taiwan, Singapore and Hong Kong, have had in developing their economies in the last three decades. While these explanations are certainly worthwhile, they are not sufficient. We propose another one: strategic pragmatism. Pragmatism is a virtue usually associated with Americans, but Japan, and in its wake, the NIEs, practice pragmatism in their economic decisions.
A newly industrialized country NIC is a term used by political scientists and economists to describe a country whose level of economic development ranks it somewhere between developing and highly developed classifications. These countries have moved away from an agriculture-based economy and into a more industrialized, urban economy. Experts also know them as "newly industrializing economies" or "advanced developing countries. In the s and s, examples of newly industrialized countries included Hong Kong, South Korea, Singapore and Taiwan.
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