criteria (1 Viewer)

[_JoHNnY_]

does anyone have a criteria or know where i can get one from on newly industrised economies
ie. what do economic stats do economies need to be considered as NIEs ----------------- what % GDP, unemployment rate, inflation...etc
thanx

 

[AGB]

there isnt really a set of criteria as such... NIEs tend to exhibit some similar characteristics, the most important one being that the economy has become an industrialised economy.

i suppose looking at a comparison is the easiest way to explain it. the 'asian tigers' all previously had poor economic growth (eg 1 - 2%), poor human development (a low rank on the HDI), high unemployment (15%+). however they, as a result of microeconomic reform measures, now have strong economic growth, good human development and relatively low unemployment

i hope i have explained it clearly enough.. if not just reply

 

[_JoHNnY_]

hey ... yeh thanks u'v cleared it up alright