Newly industrialized country

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 that of other developing countries; and where the social consequences of industrialization, such as urbanization, are reorganizing society.

Source: Wikipedia — Newly industrialized country (CC BY-SA 4.0)