What makes an industrialized country

Some countries may also be demoted from NICs to frontier markets if their economies have regressed due to deteriorating economic or political environments. For example, some countries have made strides in installing a democratic government but have slipped with an autocrat taking power.

The lack of strength in their institutions could result in a demotion of their economic status. International investors seeking exposure to this fast-growing classification of countries have numerous options. The easiest way to invest in these countries is by using exchange-traded funds ETFs that offer broad exposure to these economies in a single security that can be easily traded on U.

International investors may also want to consider one of many country-specific ETFs, like the two mentioned above for China and South Africa, or American Depository Receipts ADRs to target specific companies within these countries. ADRs are U. The term NIC is very broad and ill-defined, meaning that international investors should be careful when using it.

Many countries falling under this categorization also face numerous hurdles associated with their economic development , such as China's economic struggles or Brazil's political turmoil in and However, NICs shouldn't be ignored.

China is expected to become the largest economy in the world by , while India isn't very far behind, which makes these countries very important for global growth. NICs are important markets for international investors. While they aren't as safe as developed countries, they are significantly less risky than developing countries and offer compelling growth rates.

Investors should carefully analyze these opportunities and build them into a diversified portfolio. Download "WELT Actively scan device characteristics for identification.

Use precise geolocation data. Select personalised content. Create a personalised content profile. Measure ad performance. Standards of living in industrializing nations are lower than in developed countries, but range widely depending on whether a nation is rapidly industrializing or is in decline.

For example, India is considered a industrializing country. Many Indians, particularly in rural areas and urban slums, live in extreme poverty and have little access to healthcare, education, and paid employment. However, standards of living in India have greatly improved in recent decades as a result of a rapidly expanding economy. By contrast, in Afghanistan, which is also considered an industrializing nation, war and drought has halted economic growth and standards of living have not been rising substantially.

So despite we already know calculus very well from mathematician. But for today's children to learn mathematics you still have to repeat those earlier stages, exactly like the entire human race has traveled except at a rapid, faster pace. You have to repeat it. So that's my metaphor for this new stage theory. In contrast, most modern development economic theories try to teach developing countries or the nations they want to do that themselves, too.

OK, it's not like taking lessons from other economies. They want to do it themselves; they want to leap forward. OK, they want to leap forward. And to start industrial revolution by building advanced capital-intensive industries, by setting up modern financial systems, by erecting more than political institutions because that's what U. But that's the roof of the building, not the foundation. They missed the chance to see how the American built their foundation in the 19th century.

They are born too late. But those are written in history and we have to read it. I pose several wise theories I read.