[lotsofpulp]

> And for folks in developing World: Don't worry, your turn will come to experience all this (if you haven't yet) soon enough in your lifetime. I guarantee it.

I don’t understand this statement. Is it meant to imply that people in the developing world right now have it better than those in the developed world?

[m23khan]

It's a generalization on my part - countries like India and Pakistan (as I am sure others as well) have a very competitive lifestyle (more so than in North America) if you were to look at their major Cities (Karachi, Mumbai, etc.).

I was pointing more towards relatively wealthy countries where the Governments are still subsidizing various aspects of life AND they are still classified as 'not first world yet'. They definitely have it easy to a large extent (Citizens of GCC for example) -- but even the sands of time are also shifting the tide over there, in socio-economic aspects, that is.

[md_]

Developing countries also tend to have faster economic growth than "vanguard" countries. This can be explained by the fact that for developing countries, productivity growth is driven in part by importing of existing technology and capital, whereas in countries at the forefront of labor productivity it's driven only by innovation.

(Some easily-viewed graphs here: https://www.un.org/development/desa/dpad/wp-content/uploads/.... Note that while emerging economies have higher labor productivity growth than established economies, both have, somewhat surprisingly, experienced declines in growth over time.)

[lotsofpulp]

What is GCC?

[m23khan]

Gulf Cooperation Council - Saudi Arabia, Kuwait, UAE, Bahrain, Oman and Qatar.