What is the main criterion used by the World Bank in classifying (W) different countries? What a...
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6What is the main criterion used by the World Bank in classifying
(W) different countries? What are the limitations of this criterion, if any?
Key concept: Classification of coontries by World Bank The main criterion used by the world Bank in classifying different countries is the per capita income or average income of a person in a country.
Linitation
It does not tell us about how this average income is distributed anong the people in the indivisual countries. Two countries with the same per capita income might be very different with regard to income distribution. one might have great disparities between the ricto and the poor.
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