They have been growing so quickly, that I thought it was inevitable that they would eventually become the main power of the world, and it might be biased but I don't think that would be a great thing, considering how repressed the people of China are at the moment. An agricultural state, Uttar Pradesh is the country's leading producer of sugar. They typically have stronger governments with less corruption then a Third World country. Under utilization of existing capacity is another major problem which is due to lack of power, raw material and demand. Newly industrialized countries are members of a socioeconomic classification given to locations that have recently experienced an economic shift towards stability and industry. These have been given a number of concessions and even protection from foreign industries.
This is where the modern name China stems from. Newly industrialized country The category of newly industrialized country is a socioeconomic classification applied to several countries around the world by political scientists and economists. The countries falling under this categorization are characterized by rapid export-driven economic growth and a secular migration of workers from rural to urban areas. The people pay the price for industrialization because it all depends on their labor. This group is expected to be expanded to G14 by adding alongside the five forementioned countries.
Economists and investors commonly use the term newly industrialized country, but there is no single agreed-upon definition. Even though the governments of newly industrialized countries are getting richer, I'm not so sure that the people are. And also, try to stop asking questions about India as the are already a million questions and answers about India and that pisses many people including me. I'm curious to see which other countries will join the list in the next decade. Ana1234 - In fact, that is one of the things that comforts me about the sudden growth of China now that it is a fairly newly industrialized country.
In particular, the combination of an open political process, high and a thriving, export-oriented economic policy has shown that these countries have now not only reached but surpassed the ranks of many. In fact, I think that once a country is industrialized it leads to better education in order to train the next generation of workers and that in turn leads to better government and eventually to things like minimum wages and so forth. A newly industrialized country is a term used by political scientists and economists to describe a country whose level of economic development ranks it somewhere between the developing and classifications. For the industrial music magazine, see Industrialnation. There are many factors that need to come together to determine if a nation is a newly industrialized country.
Ministers and influential political leaders are pressurising industrialists to install industries in their electoral area so as to approve their licenses. Accessed on August 17, 2011. The only problem is that economic growth isn't sustainable indefinitely, at least within my admittedly limited understanding of it. Don't get me wrong, I'm not hating on anyone but then these questions are crap and are just a waste of time. Severe air pollution in Beijing, China Means for Financing Development Finding economic resources is often a challenge, and building new infrastructure can be an expensive task.
One of the most obvious is its level and pacing of industrialization. Hence, India had to perform dual task of promoting industrialisation as well as to equip herself with latest technology in the field of electronics, nuclear science, space research etc. All of these improvements often come with a price. See, just because a country is becoming industrialised doesn't mean that it's a developed country. Anyone earning above that has to pay a lot of tax, to cover whatthe low income earners aren't paying. Due to liberalisation, the foreign exchange reserve position has improved in recent years and flow of foreign capital has started in industrial sector. Parts of China had been occupied by Japan Manchuria , Germany some sea ports, etc.
Public sector units, under direct control of the government, frequently increase the prices which provide golden opportunity to private industrialists also to increase the prices. The Chinese communist revolution took place in the mid 20th century as a reaction to the extremely corrupt society which existed under the Chinese emperors, the European colonialists, and the greedy capitalists who previously dominated the country. The first of the British nations where more than 50% of the population worked in industry was actually thought to be Wales. Urban Population A big part of the population has gradually left the rural areas, and relocated to the cities, looking for better job opportunities. Before industrialization about 1780 onwards Britain was a - the even the - leading trading country of the time; it was capitalist despite some latter-day 'feudal' flummery and it had the main natural resources required at the time - coal and iron ore. While being a liberal democracy throughout its post-colonial history, India has been widely criticized for its inefficient government and widespread corruption.
Newly Industrialized Country ist ein Staat, der traditionell noch zu den Entwicklungsländern gezählt wird, aber nicht mehr deren typische Merkmale aufweist. The case is diametrically opposite for India. Such countries are characterized by an increased economic growth rate, a robust political system, rapid population growth and urbanization, and free trade policies. The service sector dominates the economy of Maharashtra. Main Characteristics of the Newly Industrialized Countries Each country and economy are unique. However, the newly industrialized economies often share common characteristics.
These nations have taken important steps towards industrialization and might be considered, as developed economies, at some point in the near future. A city scene in Shanghai. This is also not good for the country and the Indian industries. Some common attributes seen in newly industrialized countries include increased economic freedoms, increased personal liberties, a transition from agriculture to manufacturing, the presence of large national corporations, strong , and rapid growth in urban centers resulting from a migration from rural areas into larger and more populated city centers. Preparatory work for such tremendous institutional regorganization was poor. In these new countries, the infrastructure and laws are often behind. This malady is still persisting even after liberalisation.
Categorized as a newly industrialized country, India is one of the G20 nations. Despite industrial progress self- sufficiency is a distant dream and import substitution a major problem. They are also experiencing gradual improvements in living standards. This term was used to describe nations that were pulling ahead of their contemporaries in terms of economic and industrial development, but were still behind other industrialized nations. Natural calamities like drought, famine, flood etc badly affect agricultural production as well the supply of industrial raw material. Transparency is key to success in getting financing. In some cases, tourism is also seen as a strategic activity, to improve domestic consumption, and attract income from foreign visitors.