The newly industrializing countries, trade, and adjustment in the OECD economies

There has been much discussion of the Newly Industrializing Countries (NICs) in recent years and various studies of their impact have been made. Much of the concern about NICs in the industrialized countries is however based on what they portend for the future rather than their present impact. This article, which draws on the work of a group of researchers coordinated from the Royal Institute of International Affairs, London, discusses the implications of the NICs for trade and adjustment in the 1980s.