Explain the Characteristics of the Newly Industrialized Economies (NIEs) of the Pacific

question 85

Essay

Explain the characteristics of the newly industrialized economies (NIEs) of the Pacific Rim that allowed those nations to quickly industrialize and become global economic powers. Be specific.

---

Definitions:

Set Of Data

A collection of related information or values that are typically measured, observed, or collected from experiments or surveys.

Mode

The number that occurs the most often in a collection of data.

Squared Deviation

The square of the difference between an observed data value and the mean of the data set, used in variance and standard deviation calculations.

Mathematical Average

A statistical measure representing the sum of values divided by their quantity.