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Features Of Economic Development Policies For New Industrial Countries

Table 14: Matrix for the classification of newly industrialized countries by type of development and historical fate. Source: (compiled by the authors, 2021)

Development types The historical fate
1 group 2 group 3 group 4 group 5 group Others
High risks and growth China
High risks and increased growth Saudi Arabia, UAE Qatar
High risks and reduced growth Nigeria Iran, Algeria
High risks and low growth Angola Venezuela
Medium risks and increased growth South Korea, Taiwan, Hong Kong, Myanmar, Singapore Malaysia, Thailand
Medium risks and growth Vietnam, Japan Kenya Ethiopia, Indonesia Turkey
Medium risks and reduced growth Chile Morocco Brazil, Mexico Pu Peru
Medium risks and low growth USSR / Russia Argentina
Low risks and medium growth India, Bangladesh Pakistan, Sri Lanka, Egypt Colombia Philippines
Low risks and low growth South Africa
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