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What is a newly industrialized nation? a country with an agrarian based economy, but social and political progress a country with a more advanced economy, but not the same social and political progress a country with industry and farming a country with social and political progress, but lacking an advanced economic system
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Definition: 'Newly Industrialized Country - NIC' A term used by political scientists and economists to describe a country whose level of economic development ranks it somewhere between the developing and first-world classifications.
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