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Newly Industrializing Countries and World Markets

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  • Gerardo P. Sicat

Abstract

During the past ten years or so, more and more attention has been focused on a small group of developing countries that have achieved high economic growth rates by following a strategy of exporting manufactures: the Newly Industrializing Countries or NICs, as they have come to be known. Their success in expanding exports to developed countries accounted, in no small measure, for the imposition of new protectionist measures by the developed countries in the 1970s. These countries have different backgrounds: their social systems are as varied as their geographical locations. All are now classified as middle-income developing countries, and the most successful of them are at the threshold of becoming developed countries.

Suggested Citation

  • Gerardo P. Sicat, 1983. "Newly Industrializing Countries and World Markets," Asian Development Review (ADR), World Scientific Publishing Co. Pte. Ltd., vol. 1(01), pages 54-62.
    • Handle: RePEc:wsi:adrxxx:v:01:y:1983:i:01:n:s0116110583000032
    DOI: 10.1142/S0116110583000032
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