You can determine the the progress of a country by looking at the economic growth, use of technology and quality of life.
What do these letters stand for?
HIC
LIC
NEE
NIC
HIC = high income country
LIC = low income country
NEE = newly emerging economy
NIC = newly industrialised countries
How do NIC's emerge in to a higher development heading? Why?
NIC's emerge into a higher development heading quickly because of the amountofpeople at work so the workforce will be huge.
Do NIC's want investment from industry? Why?
NIC's want investment from industry because it creates jobs and increases the GNI(gross national income) (Economic growth, job creation, and technological advancement)