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Question
Which one of the following countries is not considered a Newly Industrialized Country (NIC)?
Which one of the following countries is not considered a Newly Industrialized Country (NIC)?
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Solution
The correct option is D France
France is a developed country. International Monetary Fund includes France in the list of advanced economies. Hence, France is not considered a Newly Industrialized Country.
Newly Industrialised Countries are those countries whose economies have not yet reached a developed country's status but whose economic growth is much higher than other developing countries.
France is a developed country. International Monetary Fund includes France in the list of advanced economies. Hence, France is not considered a Newly Industrialized Country.
Newly Industrialised Countries are those countries whose economies have not yet reached a developed country's status but whose economic growth is much higher than other developing countries.
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