Newly industrialized countries and the rationale for their economic take-off

Today newly industrialized countries have an important place in the world economy, although until recently its economy was typical of developing countries.

Characteristics of NIS

They are distinguished by a relatively high level of GDP, distribution of industrial forms of production with respect to the development of sectoral economic structure, export manufactured products, cheap labor.At higher than in developing countries, the level of maturity of up market relations in these countries.

Newly industrialized country - is, first of all, some Latin American countries: Mexico, Brazil, Argentina, which in many respects has already approached the highly developed countries in economic terms.They have significantly increased the volume of industrial production and the share of industry in the state of national income.Significantly strengthened the position of a class of entrepreneurs.

TO NIS also include Asian countries such as Singapore, Hong Kong (within China), Taiwan and South Korea.Important positions are occupied by foreign capital, which is beneficial to the growth of manufacturing industry.According to the export of products in the modern world, these countries are in the lead among number of developing countries.

most developed newly industrialized countries of the world - it is the Republic of Korea, Mexico, Argentina, Singapore.They are so closely approached the economically developed countries, which are already on the same level with European countries such as Spain, Greece, Portugal.

From these countries, almost no lag and other countries in Asia.These include Indonesia, Malaysia, Philippines, Thailand.Here, the rise in industrial production, though still a significant part of the local population are busy working in agriculture.Steadily rising exports, and representatives of the national capital steadily gaining ground.Newly industrialized countries of Asia, together with countries in Latin America (Colombia, Venezuela, Peru, Chile, Uruguay), is sometimes referred to as belonging to the second generation of Nisan.

Newly industrialized countries in the world economy, the reasons for the rapid growth of economic development

essence of the phenomenon of NIS is that many of the developing countries, overcoming the agrarian and raw material specialization of the economy, creating industrial complex, debugging model farms open type, which canto adapt to the international economic markets.Newly industrialized countries like Singapore, Hong Kong, Taiwan, and South Korea the government, are the core of the NIS.An example of such a successful restructuring actions in these countries is the development of new electronic technologies.To implement these activities created a need for engineering staff, skilled workforce, capable of continuous retraining and debugged competitive mechanisms in the modern economic sector.By the end of the 80-year "four dragons" were international commodity exporters of electronic equipment.

fundamental to the success of the NIS in the economy was a dynamic balance of the demand for skilled workers, therefore, to create institutions capable of implementing this task and to identify priority areas for training.Facilities highly qualified personnel is an important factor for high productivity in these states.Newly industrialized Asian countries are practically deprived sectors of the economy, which would not have been involved foreign capital.The export of capital in the Asian NIEs carried out in different ways: in the form of loans, direct investment or the transfer of new technologies.Asian NIEs on their experience showed that the preservation of ethnic and cultural, philosophical and historical roots of society play an important role in creating an environment conducive to the holding of real structural change and social adjustment.