Which Next Developed Country Will DOWN GRADE to Deloveping Country

[Sarcasticity]

Japan and US? Really? It will take a couple of milleniums probably.

I don't think its plausible nowadays for a country to downgrade. The times have changed.

[Moncaltor]

I bet all my money on Spain.

[GZT]

Uk.. easy

[SydneyCity]

My guess is for Greece or Spain.

[ssiguy2]

Greece and Portugal certainly but I think Italy's financial situation is far worse than Spain's.
Yes Spain's debt is rising but it is still a very manageable 75% as opposed to Italy's 118%. That still leaves Spain's debt to GDP below France, Britain, Belgium, Japan, Canada, USA, Italy and even Germany. Spain does have many structural problems but it is tackling them head on so it's debt to GDP will not become too difficult to contain.
The next country in line for a downgrade...........Britain due to it's very meager economic growth, volitility due to it;s high trade with the rest of the EU, the poor state of it's banking snd financial institutions, and it's high debt that is growing at a rate faster than almost any other developed country.

[Occit]

The problem here is what you consider Developing because, if you consider the HDI, is very, very hard to downgrade your life expectancy and education, the only way is receiving immigrants without enough education and health + a downgrade in the incomes, but both conditions are hard to occur in the same time because generally migrants move to economic growing developed countries.

My response: none, neither Greece.

[Ulpia-Serdica]

Originally Posted by Moncaltor

I bet all my money on Spain.

You will end up broke.

[KillerZavatar]

lol europeans sailing with a boat over the middle sea to get to north africa, because europe is too poor and they dont see a future anymore.

[Acosta]

Maybe Portugal or Greece, but that possibility seems to be very tiny to me. Spain, Italy or Ireland, no way.

[Atomicus]

Originally Posted by KillerZavatar

lol europeans sailing with a boat over the middle sea to get to north africa, because europe is too poor and they dont see a future anymore.

The funny thing is that people from Africa is still coming to Spain despite that according to many here we will give up being developed very soon.

[Bronxwood]

Wouldn't that further increase poverty and other social issues present in Spain? How's canada real? I hear it's the biggest chunk of third world in western europe.

[t3ars_culprit]

Yes, if those country remain the same for 50 and 100 years..

[Acosta]

Canada Real is a 15-km houses line. Yeah, it has a huge concentration of drugdealers, but it's not necessarily poor. The biggest part looks like a 50-60's random neighborhood from the Franco's era. Other parts even have big houses. However, that's true that a little of it is ocuppied by drugged gympsies tents. Actually the whole Canada Real is far from being the biggest chunk of poverty in Western Europe and I do NOT believe that Spain is going to downgrade.

[Jonesy55]

Originally Posted by Occit

The problem here is what you consider Developing because, if you consider the HDI, is very, very hard to downgrade your life expectancy and education, the only way is receiving immigrants without enough education and health + a downgrade in the incomes, but both conditions are hard to occur in the same time because generally migrants move to economic growing developed countries.

My response: none, neither Greece.

But the criteria of what it means to be 'developed' will change over time so a country may become thought of as 'undeveloped' even if life expectancy, education etc don't get worse simply because they get overtaken and left behind by others who improve faster.

[Jim856796]

I have never heard of any developed country downgraded to a developing country. I think it's virtually impossible.

[Acosta]

It happened with Argentina and Uruguay. Both were considered developed till the 80's by the criteria of this time. Of course, it doesn't mean that this status would be consider developed right now. Those countries stagnated, then decayed and empoverished a lot and now, although being the most developed countries in Latin America among Chile, are still poorer than in the 70's (now they have the standards from the late 80's-early 90's). We also have to state that this development was very concentrated in the Pampas and specially in its capitals, Buenos Aires and Montevideo. Northern Argentina is much more developed now, for an example.

[isakres]

Originally Posted by Acosta

It happened with Argentina and Uruguay. Both were considered developed till the 80's by the criteria of this time. Of course, it doesn't mean that this status would be consider developed right now. Those countries stagnated, then decayed and empoverished a lot and now, although being the most developed countries in Latin America among Chile, are still poorer than in the 70's (now they have the standards from the late 80's-early 90's). We also have to state that this development was very concentrated in the Pampas and specially in its capitals, Buenos Aires and Montevideo. Northern Argentina is much more developed now, for an example.

Seriously, the 70s and the 80s were among the worst decades of Latinamerica (Argentina included). Actually some of them started to grow decently until de late 80s. All of them are far richer now than they were in those years.

[Acosta]

Originally Posted by isakres

Seriously, the 70s and the 80s were among the worst decades of Latinamerica (Argentina included). Actually some of them started to grow decently until de late 80s. All of them are far richer now than they were in those years.

The worst decades for Argentina were the 80s (when Argentina started to stagnate) and the 90s (when Argentina was preparring the field for the decay). But the Pampas region was more developed till the 70s than it's now although it actually has a very good stage of development nowadays.

[DidacXavier]

Some speak of Spain if he knew how to. Spanish public debt is one of the lowest in Europe, lower than Germany, UK, France and, of course, Italy. We have a specific problem of unemployment, but not a real problem of funding. Keep in mind that Spain has received 5 million immigrants in the past 10-12 years, and there are now over one million of them unemployed. And, of course, our biggest burden has been relying on a policy under the construction sector, which has sunk from the crisis and now it rethink how we recover that part of the economy that has gone to hell.

But a country with a GDP per capita of 33,000 US dollars, which covers free education, health, unemployment benefit, pensions, etc.., is a country advanced enough to doubt that will rise soon than later. I'd like to see the US having to spend large amounts of money to cover public education, health for all citizens, and so on. If this does not cover it now, and its debt is greater than the Spanish, what would the United States if they had to spend the same as Spain?

[isakres]

Althought Spain´s income relies heavily in such sectors as Tourism (or Construction as Dida has told), I do think its economy is more complex and more robust than lets say, Portugal or Greece. I do think Spain will stagnate for some extra years, but I dont expect a drop as deep as to delist it from the developed countries.