fast developing economy

USAGE SUMMARY

The phrase "fast developing economy" is correct and usable in written English.
It can be used to describe an economy that is growing or evolving rapidly, often in discussions about economic trends or analyses. Example: "The country has transformed into a fast developing economy, attracting foreign investments and boosting job creation."

✓ Grammatically correct

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

4 human-written examples

India, after all, is a fast developing economy, and it would beat spending licence fee payers' money on the service.

The Guardian

With the economy growing at a fair lick – 8.9% and 8.5% in 2010 and 2011 respectively – and capable of avoiding the predicted slowdown next year to 4% should the government ease credit restrictions, Europe is missing out on a fast developing economy of 75 million people who could give the EU economy a shot in the arm.

The Guardian - Business

It represents a unique example of a fast developing economy based on agriculture.

Applied Water Science

He recently visited Turkey, which he described it as "a fast developing economy" and he looked forward to developing closer ties.

BBC

Human-verified similar examples from authoritative sources

Similar Expressions

56 human-written examples

For the fast developing economies in the Association of South East Asian Nations (ASEAN), while environmental friendly energy sources are preferable, affordability of energy is critical.

Energy Procedia

Before its three-year memorandum had run out, Ireland was the fastest developing economy in Europe.

Huffington Post

As it tries to move from a fast-growing, export-oriented, developing economy to a more mature economy, it keeps bumping up against problems that could prevent it from becoming the kind of economic power it so clearly longs to be.

The New York Times

Many investors used the cheap money to buy stocks, particularly in fast-growing developing economies.

The New York Times

As rich countries tighten their belts, it makes sense for Japanese companies to look at fast-growing developing economies, said Simon Wong, an economist with Standard Chartered Bank in Hong Kong.

The New York Times

Many of the trends that powered that surge — notably shifts in eating habits in fast-growing developing economies — remain in place.

The New York Times

This seems to hold good within sectors and across many countries, including fast-growing developing economies like China, suggesting that neither trade nor offshoring are primarily responsible.

The Economist

Expert writing Tips

Best practice

When describing a country's economic status, consider using "fast developing economy" to emphasize its rapid growth and ongoing advancements.

Common error

Avoid using "fast developing economy" as a generic descriptor. Provide specific details about the economy's growth indicators, such as GDP, infrastructure development, or technological advancements, to give a more nuanced and informative picture.

Linguistic Context

The phrase "fast developing economy" functions as a descriptive term, typically used as a noun modifier. It characterizes a particular type of economy undergoing significant and rapid growth. As indicated by Ludwig AI, the phrase is considered grammatically correct and usable.

Expression frequency: Uncommon

Frequent in

News & Media

60%

Science

25%

Formal & Business

15%

Less common in

Encyclopedias

0%

Wiki

0%

Reference

0%

Ludwig's WRAP-UP

In summary, "fast developing economy" is a grammatically sound phrase used to describe economies experiencing rapid growth and transformation. Ludwig AI confirms its correctness and usability. While not exceedingly common, it appears frequently enough to be a recognized descriptor, particularly in news and media, as well as in scientific contexts. When using this phrase, it's advisable to provide specific details to avoid overgeneralization and offer a more nuanced understanding of the economy's progress. Alternatives such as "rapidly growing economy" or "emerging market economy" can offer slightly different shades of meaning.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

rapidly growing economy

Emphasizes the speed of economic expansion.

quickly evolving economy

Highlights the dynamic changes and transformations within the economy.

emerging market economy

Focuses on the status of the economy as transitioning from developing to developed.

high-growth economy

Stresses the rate of economic growth.

dynamically developing economy

Similar to quickly evolving, but with an emphasis on the active nature of development.

booming economy

Implies a period of great prosperity and expansion.

economy in rapid transition

Highlights that the economy is undergoing significant changes.

flourishing economy

Suggests that the economy is thriving and successful.

progressing economy

Focuses on the continuous improvement and advancement of the economy.

vibrant economy

Emphasizes the lively and energetic nature of the economic activity.

FAQs

What does it mean to describe an economy as "fast developing economy"?

Describing an economy as a "fast developing economy" means it's experiencing rapid growth and transformation, often characterized by increased industrialization, urbanization, and improved living standards.

What are some synonyms for "fast developing economy"?

Alternatives to "fast developing economy" include "rapidly growing economy", "quickly evolving economy", or "emerging market economy", depending on the nuance you want to convey.

How does a "fast developing economy" differ from a "developed economy"?

A "fast developing economy" is in the process of advancing, while a "developed economy" has already achieved a high level of industrialization, income, and infrastructure.

What are some characteristics of a "fast developing economy"?

Characteristics of a "fast developing economy" often include rapid industrialization, increasing foreign investment, improvements in infrastructure, a growing middle class, and rising GDP.