Asked by aubry castro on Jul 02, 2024
Verified
Malaysia,Brazil,and South Korea are each
A) less developed countries (LDCs) .
B) newly industrializing countries (NICs) .
C) industrialized countries.
Newly Industrializing Countries
Countries that are transitioning from primarily agricultural to primarily industrial sector economies, experiencing rapid economic growth and development.
Less Developed Countries
Nations with a lower level of income, industrialization, and modernization compared to more developed countries.
- Acquire knowledge on the periods of the Industrial Revolution and its effects on global industrial growth.
Verified Answer
AM
amiah mcfan6 days ago
Final Answer :
B
Explanation :
Malaysia, Brazil, and South Korea are classified as newly industrializing countries (NICs) because they have experienced significant economic growth and industrialization in recent decades, but they are not yet fully developed like industrialized countries such as the United States and Japan. NICs typically have a growing middle class, increasing levels of urbanization, and a shift towards a more diverse economy with advanced manufacturing, services, and technology sectors.
Learning Objectives
- Acquire knowledge on the periods of the Industrial Revolution and its effects on global industrial growth.