Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Newly industrialized country?
Summarize this article for a 10 year old
The category of newly industrialized country (NIC), newly industrialized economy (NIE) or middle income country is a socioeconomic classification applied to several countries around the world by political scientists and economists. They represent a subset of developing countries whose economic growth is much higher than other developing countries; and where the social consequences of industrialization, such as urbanization, are reorganizing society.
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