newly industrialized country
noun[C]
ECONOMICS(UKalsonewly industrialised country)ukus(alsonewly industrializing country);(abbreviationNIC)acountry,especiallyinAsia, whereindustryhas beengrowingquicklyfor the firsttime:
Newlyindustrializedcountriesarecountrieswith high-growthindustrialeconomies, such as Hong Kong and Malaysia.