What does NICS stand for?

Newly industrialized countries are great for setting up outsourcing industries because there will surely be newly built infrastructure such as telecommunication lines and office buildings in business hubs.

China and India are newly industrialized countries, and they have literally just begun building a middle class and have huge population bases experiencing rising economic expectations and hungry for improved lifestyles such as car ownership.

In newly industrialized countries, estimating the amount of e-waste escaping any form of treatment or management is nearly impossible, although in India, an estimated 99 percent of domestic and imported e-waste, 143,000 tons per year, ends up in the informal recycling sector or is simply dumped.

Coming on top of a variety of earlier shocks, including higher oil prices, political uncertainties, and in some cases weakening confidence as a result of lagging structural reforms, growth prospects have declined further for most of the newly industrialized countries and members of the Association of South East Asian Nations (ASEAN).

According to the Asian Development Bank, the newly industrialized countries of Southeast Asia grew by an average of 7 percent in 1999, after their economies had contracted by 1.

Recently, researchers have begun to examine quality practices in newly industrialized countries such as Singapore (Pheng, 1993; Pheng & Hwa, 1994), Taiwan (Tam & Lu, 1995), and Hong Kong (Lam, 1995), and in developing countries such as India (Lakhe & Mohanty, 1994; Motwani, Mahmoud, & Rice, 1994), China (Zhao, Young, & Zhang, 1995), and Mexico (Tata & Prasad, 1998; Vargas & Johnson, 1992).

In addition, based on 1996 global steel casting shipments, Monroe said that newly industrialized countries have too little capacity to produce the steel castings that they need [ILLUSTRATION FOR FIGURE 1 OMITTED].

A worldwide comparison of labor costs shows why the industry is rapidly relocating away from the newly industrialized countries - where wage costs are rising - and toward countries with lower wage costs.