Let me put some context of my curiosity -
One of the mysterious activities in Programming Language design is the aspect of standard libraries and there have been talk of "modernizing" standard libraries to meet up to the requirements:
i) Parallelism(multi-core)
ii) Searching
iii) Big data
iv) GUI lacking in C & C++
v) The top N widely used algorithms
Now as a developer I am interested to know, Is there a precise formula for the evolution of Standard Libraries and measure its effectiveness?