Which Next Developed Country Will DOWN GRADE to Deloveping Country

[Atomicus]

Originally Posted by sebvill

No es que España vaya a retroceder, solo estará estancada por unos años, mientras que Sudamérica avanzará fuertemente (excepto algunos casos específicos), cortando la brecha que hay hacia los dos lados del Atlántico, aunque Latinoamérica está cada vez más volcada hacia el Pacífico.

Non tutti parlano italiano. Si prega di parlare in inglese.

[Copperknickers]

Originally Posted by Atomicus

Non tutti parlano italiano. Si prega di parlare in inglese.

He's speaking Spanish mate.

[Motul]

Originally Posted by Copperknickers

He's speaking Spanish mate.

Trust me, he knows :P

[pesto]

Originally Posted by sebvill

No es que España vaya a retroceder, solo estará estancada por unos años, mientras que Sudamérica avanzará fuertemente (excepto algunos casos específicos), cortando la brecha que hay hacia los dos lados del Atlántico, aunque Latinoamérica está cada vez más volcada hacia el Pacífico.

Actually, Spain HAS shown negative growth for some quarters and more are predicted. The current government has indicated a need to undo the institutions and programs of the prior one before economic traction is reached.

This is what development is about. It isn't just a few years of growth fueled by lax lending but without productivity and institional improvement. Latin Americans should be especially cognizant of this given the history of failed develolpment policies for 100 years now. It doesn't come from pumping money into the economy, useless government hiring, etc. What comes from that is inflation and capital flight, followed by another try a decade later.

[sebvill]

I know the Spanish situation is complicated. But in terms of development I dont think they are gonna suffer severe recoil although, as Baleares said, the crisis goes on for a decade or more. I think that mostly because the Spanish population has a very acceptable level of education, so it will be easy for this generation to recover the lost time. However, if the next generation doesnt get the same education opportunities, then there will be a severe problem for development.





BTW, I wrote in Castellano because I think my previous post only concerned Castellano speakers (and portuguese speakers, but they understand our language anyway).

[VECTROTALENZIS]

I don't think that any developed country is going to downgrade to a developing country in the short-term. However there is a risk that some countries may downgrade in the long-term, say 20 years from now, and those that have that risk are mainly the southern European countries of Portugal and Greece, and a slight warning to Spain and Italy.

Here is the GDP per capita PPP list zoomed in were the threshhold for between developed and developing countries is, the countries above the line are developed countries.
See how close Portugal and Greece are.

[megacity30]

Poland, Hungary, Russia, Lithuania and Croatia can also now be considered to be socio-economically developed countries as their GDP (PPP) per capita exceeded $20000 last year, and inequality-adjusted HDI is very high.

How come Russia is not in your list at above US$17900?

reference: http://en.wikipedia.org/wiki/List_of...PP)_per_capita

[ProdayuSlona]

Originally Posted by megacity30

Poland, Hungary, Russia, Lithuania and Croatia can also now be considered to be socio-economically developed countries as their GDP (PPP) per capita exceeded $20000 last year, and inequality-adjusted HDI is very high.

How come Russia is not in your list at above US$17900?

reference: http://en.wikipedia.org/wiki/List_of...PP)_per_capita

Possibly because he had an outdated list?

[Hed_Kandi]

Originally Posted by VECTROTALENZIS

I don't think that any developed country is going to downgrade to a developing country in the short-term. However there is a risk that some countries may downgrade in the long-term, say 20 years from now, and those that have that risk are mainly the southern European countries of Portugal and Greece, and a slight warning to Spain and Italy.

Here is the GDP per capita PPP list zoomed in were the threshhold for between developed and developing countries is, the countries above the line are developed countries.
See how close Portugal and Greece are.

I wouldn't be using per capita GDP measurements to gauge standard of living. New Zealand has by far the highest standard of living of any English speaking country. Yet, countries such as the United States, Canada, and Australia all have a much higher per capita GDP.

[megacity30]

You do have a point, Hed_Kandi.

However, how else will you quantitatively measure the average / median standard of living of a country?

[Ulpia-Serdica]

IMO, a good analysis of GDP per capita (PPP), HDI & GINI coefficient is what is needed in order to determine the median standard of living of a country.

[VECTROTALENZIS]

GDP per capita is an indicator of roughly where a country is in wealth. Both GDP per capita and HDI must be used when comparing countries development. That's why I think that NZ is more developed than Italy and Spain.

Both Portugal's HDI and GDP per capita isn't so impressive.

Originally Posted by ProdayuSlona

Possibly because he had an outdated list?

No I use the IMF instead of World Bank's list.

[El...]

Portugal perhabs..

[twentyfivetacos]

Originally Posted by Hed_Kandi

I wouldn't be using per capita GDP measurements to gauge standard of living. New Zealand has by far the highest standard of living of any English speaking country. Yet, countries such as the United States, Canada, and Australia all have a much higher per capita GDP.

Is this a joke? You’ve clearly never been to New Zealand. Some people seem to have this weird idea that New Zealand is like the Switzerland of the South Pacific. New Zealand has more in common with Papua New Guinea or Fiji than it has with any European country. Auckland’s crime rate is nearly as high as cities like New Orleans or Los Angeles. Its trains are second hand from Australia

New Zealand is nothing like those childish "Lord Of The Rings" movies. Check out the movie “Once Were Warriors” if you want to see what New Zealand is really like.

[twentyfivetacos]

A picture of a typical New Zealand man

[èđđeůx]

Any developed nation today with an aging/declining population, and burdened with high levels of debt, IMO is in danger of falling into 'developing' status if the situation doesn't change in a few decades--and actually worsens. Smaller workforces, shrinking tax base, growing number of pensioners, and slower economic growth could be disastrous. Automization and productivity gains may not be enough to keep up with other nations, and so as the standards for developed changes over time they may be slow to adapt and fall out of the category.

My

[messicano]

I think that no one

[zaphod]

Any developed nation today with an aging/declining population, and burdened with high levels of debt, IMO is in danger of falling into 'developing' status if the situation doesn't change in a few decades--and actually worsens. Smaller workforces, shrinking tax base, growing number of pensioners, and slower economic growth could be disastrous. Automization and productivity gains may not be enough to keep up with other nations, and so as the standards for developed changes over time they may be slow to adapt and fall out of the category.

This is why I think the whole nominal "status" of developing vs. development is flawed. It's inherently subjective to put together a bunch of statistics and draw a line. If a country is peaceful, has very stable government with rule of law, people have their needs taken care of and society is relatively egalitarian, then the country is "developed" in my opinion.

I would argue a lot of lower-ranking Eastern European countries are better off than chaotic East Asian or Latin American, even if they rank similiarly in some categories.

[VECTROTALENZIS]

Originally Posted by zaphod

I would argue a lot of lower-ranking Eastern European countries are better off than chaotic East Asian countries

Which East Asian countries are you thinking of?

The countries to chose from are Japan, South Korea, Taiwan, Hong Kong, Macau, China, North Korea, and Mongolia.

Only latter 3 fall into your explanation in my opinion.

[Sky Binh Nguyen]

I would argue a lot of lower-ranking Eastern European countries are better off than chaotic East Asian or Latin American, even if they rank similiarly in some categories.[/QUOTE]

Whether good or bad ís very subjective matter. If you love a culture (due to your birth, your education, your parent, your love etc.), you would argue that every aspects of it are better than others. But I believe most people would agree/accept the following:
1. North East Asian countries have highest average IQ in the world, higher than any European country, whether West or East European.

2. Education: East Asian countries education rank much higher than most, if not all European nations, whether East or West European (see TIMSS or PISA results)

3. The cities in North East Asian are generally more crowded due to high population density and not beautiful (too many skyscrapers, permanent grey sky, ...), compared to many cities in the world, but technologically speaking, they are more advanced than most European cities, whether West or East European. Most European cities are beautiful in my eyes, but quite less advanced compared to East Asian cities.

4. During last ten years, most technological advances of the world are made either in the US, North East Asia or Western Europe. Ranking by numbers of International patents filling by WIPO 2011 data, US rank first, then Japan, Germany, South Korea and China. East European countries are very far behind. Other than Russia, which I see it as a Eurasian technological superpower, all East European countries now in the rank of Thailand, Malaysia or Mexico in term of technological advancement and far behind even North Korea, let alone powerful South Korea, Japan or China.