PIIGS to become less-developed is a threat

This article from Forbes is interesting and ties into many of the things we have talked about in class, especially recently. It suggests that the PIIGS must be especially careful, as well as S Korea, because although they are developed markets, there are threats that could ultimately shrink their economy, including war in S Korea. Moving from a developed market to an emerging/developing market is not very common, but has been seen and is possible. Again tying into class, the article uses Argentina as an example of moving backward in the development process, saying that they had a top-five economy 100 years ago, and have since fallen.