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Economic Growth
An increase in the capacity of an economy to produce goods and services, compared from one period of time to another.
Emerging Economies
Countries with developing industrial bases, experiencing rapid economic growth and increasing involvement in the global market.
NICs
Stands for Newly Industrialized Countries, which are nations experiencing rapid economic growth and industrialization.
LDCs
Least Developed Countries (LDCs) are low-income countries confronting severe structural impediments to sustainable development, often characterized by weak socioeconomic indicators.
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