From Wikipedia, the free encyclopedia. The category of newly industrialized country ( NIC ), newly industrialized economy ( NIE) [1] or middle income country [2] 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...

The term newly industrialized country ( NIC) is a socioeconomic classification used by political scientists and economists to talk about several countries around the world. NICs are countries who still are not developed countries but are doing better than other developing countries. NICs have fast growing economies, and export a lot.