Developed nations, developing nations, will there be a new category called formerly-developed nations FDN's?

Question

After the fall of colonialism post WW II and Adolf Hitler, many colonies gained freedom and their economies blossomed. Outsourcing is a terrifying word, China is a prime manufacturer and India a Master Service provider. Will this bring down the GDP and wages, purchasing power, living standard etc. in the debt ridden first world where income is shrivelling? Will the developed nations become farmlands and tourist spots and called formerly-developed nations? What do you think?

Answer 1

hi
every economy and evry country's economy goes through the stages of boom, recesssion, depression, slow rise, and boom again.
the developed nations have been formed after going through all these stages, nd remember that these stages are continuous ones, they keep happening. so yes the developed economies may once again go through these stages, but the changes that occur will be temporary and not permanent. its a good question though. nd even if that stage does come where thy are so underdeveloped that they'll have to be called formerly developed countries.........its not going to happen too soon in the future, it'll take many many many centuries, i guess.but that is a great question uve asked very thought provoking.

Answer 2

hi
every economy and evry country's economy goes through the stages of boom, recesssion, depression, slow rise, and boom again.
the developed nations have been formed after going through all these stages, nd remember that these stages are continuous ones, they keep happening. so yes the developed economies may once again go through these stages, but the changes that occur will be temporary and not permanent. its a good question though. nd even if that stage does come where thy are so underdeveloped that they'll have to be called formerly developed countries.........its not going to happen too soon in the future, it'll take many many many centuries, i guess.but that is a great question uve asked very thought provoking.
Source(s):

me!

Answer 3

I think within 50 yrs, China and India will become developed countries also, but I do not believe your country and mine will become former developed countries 100 yrs from today. Let's keep globalization in mind. Every nation will grow together in the future. There will be only one type of nations -- nations.

Answer 4

I personally hope we shall have seen the wisdom in aligning our existence/ activities to accommodate and work with respect to nature and the general cycle of life. With the current evidence that there is adverse weather change attributed to global warming, there might not be earth let alone any formally known as.... whatever. Parts of the world might become inhabitable and lead to mass migration which might either force habitable countries to open their borders or lead to yet another carnage in the history of man. It is more comfortable believing that the changes we are observing are following natures natural trail of renewal but I think it is wise to stop and ask; What if?!

Answer 5

There is certainly a strong possibility of that happening to socialist Europe who just can't keep up with Free market capitalism especially coming from China and India. The US should have much of problem with it because we know all about competition and we know how to come out on top. It's going to hard but the US should be fine, 3rd world nations will really prosper, but Europe could become one big museum.

Answer 6

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Answer 7

Cartoonish but I do believe you have a point. Fealty to free trade is foolish, both because it is not uniformly honored and because there is actually no such thing even with the best of intentions. Externalities rule the day.

Answer 8

A new category can be "hopefully developed" for India, as i go crazy when i think about 1.2 billion population and the corrupt, illiterate politicians.

Answer 9

The names will change.
Affluent Society 1st level. (with specific characteristics)
Affluent Society 2nd level
and so on.
Developing and developed nation are words without a distinct and precise meaning.

Answer 10

yes, and we lead the pack.