Industrialized Countries

Industrial Countries or Industrialized Countries and the GATT Policy Negotiations

In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Industrial Countries or Industrialized Countries: (Also known as developed countries) A term used to distinguish the more industrialized nations from developing countries (LDCs) as well as the newly-industrializing economies (NIEs) and countries in transition. The International Monetary Fund categorizes as industrial countries the United States, Canada, Japan, Australia, New Zealand, and the member states of the EC and EFT A –i.e., all OECD member states except Turkey. South Africa in the past has been categorized as an industrial country, but its status is unclear at present. The industrial countries are sometimes collectively designated as the “North” because most of them are in the Northern Hemisphere.

Newly Industrialized Countries (NICs) and the GATT Policy Negotiations

In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Newly Industrialized Countries (NICs): Now generally obsolete term; has been superseded by NIEs,since inclusion of Taiwan and Hong Kong made use of the word “countries” inappropriate.

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See Also

• Legal System
• Country
• Jurisdiction
• Immigration
• Consulate