Trends and Issueus Comparison

Leo Lei C.
Devosora BSED Social Studies II-2 2-16-24
FSE 103 (Trends and Issues in Social Studies)
The Newly Industrialized Country and Developing Country Comparison

Introduction
The word industrialized refers to a region that has developed industries. This
includes tech enterprises, manufacturing, and other industries that bolster the economic
activity of the region. Another term related to industrialization is Newly Industrialized
Country, or NIC. This is a term that was created by economists and political scientists to
describe countries with economic development that falls between the classifications of
First World and developing. Countries that are classified as NICs have rapid export-
driven economic growth and a migration of workers from rural areas to urbanized
regions.
Newly Industrialized Country: Singapore
Singapore record of population
 In 1950, the population of Singapore was approximately 1,006,701.
 From the 1950s to the 1970s, Singapore experienced rapid population growth
due to high birth rates and immigration.
 In the 1980s and 1990s, the population growth rate started to decline due to
government efforts to control population growth.
 By the early 2000s, Singapore's population began to increase again, driven by

immigration and a higher birth rate.
 In recent years, Singapore's population has continued to grow, reaching

approximately 6,052,709 in 2024.
 The population growth rate has been relatively stable, with annual increases
ranging from 0.53% to 0.65% in recent years.
Singapore, as a Newly Industrialized Country (NIC), has achieved remarkable

economic growth and development. It has transformed from a small trading post to a
global economic powerhouse. Singapore's success as an NIC can be attributed to its
strategic location, business-friendly environment, advanced infrastructure, and
skilled workforce. The country has a highly developed and open economy, with a
strong focus on trade, finance, and innovation. It offers a high standard of living,
efficient governance, and a clean and safe environment. Singapore's status as an
NIC showcases its ability to adapt, innovate, and thrive in the global economy.
Developing Country: Nigeria
 In 1950, the population of Nigeria was estimated to be around 37 million.
 From the 1950s to the present, Nigeria has experienced substantial population
growth.
 By 2024, the population is projected to reach approximately 229 million.
 Nigeria has one of the highest population growth rates in the world, with a large
proportion of young people.
 Factors contributing to population growth include high birth rates, improved

healthcare, and increased life expectancy.
 Urbanization has also played a role in population dynamics, with a significant

number of people moving from rural areas to cities in search of better
opportunities.
Nigeria is a developing country located in West Africa. It faces various challenges as

it strives for economic growth and development. Nigeria has a diverse economy, with a
heavy reliance on oil exports, but efforts are being made to diversify sectors such as
agriculture, manufacturing, and services. The country has a large and growing
population, presenting opportunities for economic growth but also challenges in areas
like education, healthcare, and employment. Nigeria faces infrastructure gaps, social
development challenges, and governance issues that it is working to address. Despite
these challenges, Nigeria's cultural diversity and rich natural resources contribute to its
potential for development and progress.
Summary
The changes in each nations' populations are a reflection of their different paths
toward economic, social, and development growth. Singapore has concentrated on
controlling its population increase and making sure a sustainable and balanced
development approach, whereas Nigeria's population expansion has been fueled by
factors including high birth rates and urbanization.
It's crucial to remember that these population estimates and trends are based on
records that are currently available and forecasts. The dynamics of the population can
change over time, and a number of factors can affect the population's growth and
makeup in both nations.
Reference:
 Nigeria Population 1950-2024 | MacroTrends
 Singapore Population 1950-2024 | MacroTrends

Newly Industrialized Country: China
Based on current projections, Indonesia’s current population is expected to reach

its peak of 337.38 million by 2067 and the decrease in the decades following. Between
2000 and 2010, Indonesia experienced an average annual population growth rate of
1.49%. Indonesia’s yearly growth change is about 1.07% for 2020. This means that
Indonesia currently grows by about 2.73 million people per year. The growing
population is a concern for Indonesia’s economy, threatening to slow its growth and
development. A low population growth rate would translate into a high per capita GDP,
leading to higher incomes, higher savings, higher investments, and implies a decrease
in the poverty rate.
The significant population growth of Indonesia plays a crucial role in its

categorization as a Newly Industrialized Country (NIC). The population growth of a
country is a key indicator of its economic potential and development prospects. Here
are some significant aspects of Indonesia's population growth in relation to its NIC
status:
 Market Potential: With a population of over 270 million people, Indonesia has a
large domestic market. This provides a significant consumer base for industries
and businesses, which can drive economic growth and attract investments. The
size of the population offers opportunities for businesses to scale up and cater to
the needs and demands of a diverse consumer base.
 Labor Force: The population growth in Indonesia has resulted in a large and
growing labor force. This abundant supply of labor can be advantageous for
industrialization and economic development. The availability of a young and
dynamic workforce can attract industries and foreign investments, leading to job
creation and increased productivity.
 Economic Growth: The population growth in Indonesia has contributed to its

economic growth and development. As the population expands, there is an
increased demand for goods and services, driving consumption and stimulating
economic activity. This demand-led growth can fuel investments in various
sectors, including manufacturing, retail, and services, leading to increased
production, employment, and income generation.
 Urbanization: Population growth often leads to urbanization, with more people
migrating from rural areas to cities in search of better opportunities. Urbanization
can spur infrastructure development, housing construction, and the growth of
industries and services in urban areas. This, in turn, can contribute to economic
growth and the transformation of Indonesia's urban centers.
 Human Capital: The growing population provides a larger pool of human capital
for Indonesia. With proper investment in education, healthcare, and skills
development, the country can harness the potential of its population and build a
skilled workforce. Human capital development is crucial for sustaining economic
growth, attracting investments, and fostering innovation and technological
advancements.
Developing Country:

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Leo Lei C.

Devosora BSED Social Studies II-2 2-16-24

FSE 103 (Trends and Issues in Social Studies)

The Newly Industrialized Country and Developing Country Comparison

Newly Industrialized Country: Singapore

Singapore record of population

 In 1950, the population of Singapore was approximately 1,006,701.

 By the early 2000s, Singapore's population began to increase again, driven by

 In recent years, Singapore's population has continued to grow, reaching

Singapore, as a Newly Industrialized Country (NIC), has achieved remarkable

Developing Country: Nigeria

 In 1950, the population of Nigeria was estimated to be around 37 million.

 By 2024, the population is projected to reach approximately 229 million.

 Factors contributing to population growth include high birth rates, improved

 Urbanization has also played a role in population dynamics, with a significant

Nigeria is a developing country located in West Africa. It faces various challenges as

 Singapore Population 1950-2024 | MacroTrends

Based on current projections, Indonesia’s current population is expected to reach

The significant population growth of Indonesia plays a crucial role in its

 Economic Growth: The population growth in Indonesia has contributed to its

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