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industrial countries


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Countries whose gross domestic product and exports contain a large share of industrial production. The list of countries which could be described as industrial is continually changing. The International Monetary Fund uses the name for the group of mainly advanced economies included in the Organization for Economic Cooperation and Development. This group includes Canada, Japan, Turkey, Australia, New Zealand, the United States, and eighteen European countries: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom. This definition omits the newly industrialized countries, including Brazil, Korea, and Singapore, and the countries of the former Soviet Union and Central and Eastern Europe, of which several, including Russia and the Czech Republic, are heavily industrialized.

Subjects: Social sciencesEconomics


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