what is the main Criterion used by the World Bank in classifying different countries what are the limitation of this Criterion, if any ?
Share
what is the main Criterion used by the World Bank in classifying different countries what are the limitation of this Criterion, if any ?
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
The main criterion used by the world bank to classify different countries as developed or underdeveloped is the average income of the country. It divides the countries into high income countries, middle-income countries and low-income countries. The limitation to this criteria is that it does not show the distribution of income among the people in a particular country. It also hides disparities. It does the consirder the health of the country.