How do economists group countries at various stages of, Ask an Expert

Economics

How do economists group countries at various stages of development?

There are three major forms of classifications:

• IMF: Developing and industrial, transitional economies;

• World Bank: A country is classed like being underdeveloped onto the basis of its low and real per capita income,

• UN: based onto composite indices as like Human Development Index (HDI)

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9579703

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