Discover what defines a newly industrialized country—economies transitioning from agriculture to industry, with notable GDP growth yet shy of being fully developed.
A wealthy nation isn't synonymous with a developed one Reviewed by Michael J Boyle Fact checked by Vikki Velasquez It's difficult to determine how best to quantify the difference between developed and ...
High GDP and diversified economies mark first-world countries. First-world countries rank high on UN's Human Development Index. Label "first world" has evolved due to its problematic connotations.