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Biggest decline ever of a country?

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The biggest decline is undoubtedly North Korea. It was richer than South Korea until the late 1970s. And by the time the Berlin Wall fell in 1989 , NK still had the same living standard as other Eastern Bloc countries although South Korea had surpassed it at this point. NK even held World Festival of Youth and Student that year as a answer to Seoul 1988 Olympics.

 

Just 1 year later in 1990, all Soviet and Eastern Bloc aids ended and NK's economy plunged hard. Food ration decreased gradually yearly and the final nail in the coffin was in 1994 when the first leader died and was replaced by his incompetent son, along with droughts, which resulted in a famine that lasted until 2002.

 

The second biggest decline is Venezuela. Back in the 1960s/1970s it was considered one of the most successful South American countries. Then from the 2010s that leader ruined everything and Venezuela turns into what it is now. Pray your all Venezuelan members here :blush:

 

Do you know other declines of some countries?

 

especially @KillingYourCareer  Would love to hear from you sis.

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Philippines

 

enough said

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How about Zimbabwe in the last couple decades?

 

Or maybe Spain once it ran out of gold/silver to plunder from the Americas?

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7 minutes ago, Milk said:

Philippines

 

enough said

:rip:

 

I find the idea of this country ever rising again impossible. 

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The United Kingdom of Great Britain and Northern Ireland. 

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Venezuela

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Venezuela, surely.

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México after the 80s 

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Argentina used to be one of the richest countries in the world, it was actually top 5 during the first decades of the last century and now it was one of the worst debts, unstable economy on the brink of collapse 

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Greece

Venezuela

Post-Brexit Britain

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11 minutes ago, DoubleRainbow! said:

México after the 80s 

What led to its decline?

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Argentina- went from being one of the richest countries in the world in the early 20th century (matching that of US, richer than Germany, France, and Italy, more than 3x Japan) to becoming a struggling middle income economy with a GDP income 3x less than Japan and a poverty rate of almost a third. This is quite well known (Argentine Paradox) and a lot of it has got to do with terrible policies of Peronism.

 

Philippines- went from being second after Japan to becoming one of the poorer countries in the Far East. The way it was overtaken one by one from the 60s up to the 90s was truly tragic. **** the Marcoses

 

Venezuela- the extreme case of dutch disease. 

 

Mexico- used to be considered as a developmental success story on the level of the Asian Tigers of the 1960s, only for it to become one of the debt bombs of the 1980s. Another case of dutch disease in a way.

 

Zimbabwe- Mugabe. Nuff said.

 

United Kingdom- This was a natural decline tho

 

Taiwan- the way it went from being one of the forerunners of the Asian Tigers into becoming a laggard. Its fellow tigers have reached $30,000 per capita while Taiwan got stuck at $20,000.

 

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4 minutes ago, TaylorSwiftLover said:

What led to its decline?

Debt. 

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25 minutes ago, TaylorSwiftLover said:

What led to its decline?

 

20 minutes ago, Marianah Adkins said:

Debt. 

This + drug trafficking + violence 

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USA right now 

italy from Roman Empire to now

greece from Alexander and Byzantium to now

iraq from abbasids to now

india from richest country to now

afghanistan from Bactria to now

 

etc etc

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1 hour ago, jeffreyy said:

:rip:

 

I find the idea of this country ever rising again impossible. 

Pray for me sistren.

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Posted (edited)
53 minutes ago, Marianah Adkins said:

Argentina- went from being one of the richest countries in the world in the early 20th century (matching that of US, richer than Germany, France, and Italy, more than 3x Japan) to becoming a struggling middle income economy with a GDP income 3x less than Japan and a poverty rate of almost a third. This is quite well known (Argentine Paradox) and a lot of it has got to do with terrible policies of Peronism.

 

That is all FALSE and ignorant. Current debt and economy crisis is because of a right-wing government. 2001 crisis was during a right-wing government (although in that case it was also related with a previous neoliberal alleged peronist government so I'll give you that one). '86 Hyperinflation crisis was during a right-wing peronism-opposed government. Worst debt ever (in pair of the current one) was during a peronism-opposed de facto government (supported by church and USA, worth noting).

 

Argentina was one of the "richest" countries in the world, only if you consider a country like Qatar as one of the richest countries in the world today. Yeah, a big money producer, but in just a few people's pockets. Peronism parties (except the neoliberal messy one from the 90s) distributed that money and gave us human rights. In comparison, US was richer during slavery times, would you say that was a decline? 

 

Tired of our current incompetent right-wing government, a new Kirchnerist (Peronism) government is set to win in 2019. And we'll be back on the right track of 2003-2015. We don't need IMF and we don't need US' support. As long as we have fundamental human rights and food in our bellies, everything will be right.

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Bangladesh 

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Germany post-WWI 

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The Khwarezmia Empire is a kii 

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Ussr from 1950 to 1990

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Ottoman Empire from 1550 to 1920

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21 minutes ago, Losing my ground said:

That is all FALSE and ignorant. Current debt and economy crisis is because of a right-wing government. 2001 crisis was during a right-wing government (although in that case it was also related with a previous neoliberal alleged peronist government so I'll give you that one). '86 Hyperinflation crisis was during a right-wing peronism-opposed government. Worst debt ever (in pair of the current one) was during a peronism-opposed de facto government (supported by church and USA, worth noting).

 

Argentina was one of the "richest" countries in the world, only if you consider a country like Qatar as one of the richest countries in the world today. Yeah, a big money producer, but in just a few people's pockets. Peronism parties (except the neoliberal messy one from the 90s) distributed that money and gave us human rights. In comparison, US was richer during slavery times, would you say that was a decline? 

 

Tired of our current incompetent right-wing government, a new Kirchnerist (Peronism) government is set to win in 2019. And we'll be back on the right track of 2003-2015. We don't need IMF and we don't need US' support. As long as we have fundamental human rights and food in our bellies, everything will be right.

Do you mean Kirchnerist as in extremely corrupt politicians who aim to steal billions of dollars from the people through illegal backdoors deals and buy influence?  Are you saying your only options are that or a highly Conservative party?  I’m so sorry.  :biblio:

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UK, Italy, Russia, Brazil, Argentina, Venezuela

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