Developed Countries Versus Developing Countries

When I was in middle school, my teacher would call developing countries PINGs and developed countries PEDs. Since then, I have known the obvious differences between the two categories. However, I wanted to learn about the economic differences, and how they will change in the near future. Though America still has one of the largest GDP in the world, the GDP of India, Japan, and China are growing the fastest. This means that America is at the top, but it is likely that it will not stay there for long, depending on future progress. Through this research, I feel that the gap between the PINGs and PEDs will start to decrease as time passes by. Yet, there are still a numerous amount of other countries, such as Ethiopia and Libya, that are struggling to help their people and economy survive. Fortunately, many seem to think that conditions are getting much better. The literacy rate is growing, while the fertility rate is shrinking. Furthermore, there is a lot of trade between Africa and China, as well as a project, called Trade Africa, between America and Africa-- it's designed to help the currency and quality of life in many countries of Africa gain more value. Both of these things are helping Africa significantly. The economic future looks much better than the environmental future.