Question

What are the classifications of the countries according to world development report????​

Answer 1

Answer:

1 Answer. (i) World Bank classifies countries according to the Per Capita Income. (ii) Countries with PCI of more than US $12616 per annum and above are called rich countries. (iii) Countries with PCI less than US $1035 are called poor countries.

Explanation:

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Answer 2

Classfication of countries:

Based on WDR countries are classified into three main groups. These are

high-income (developed) countries,

newly emerging economies (emerging)

low-income countries (developing)

1.) Developed Countries:

A developed country—also called an industrialized country—has a mature and sophisticated economy, usually measured by gross domestic product (GDP) and/or average income per resident. Developed countries have advanced technological infrastructure and have diverse industrial and service sectors.

Example: USA, UK,JAPAN AND SWITZERLAND

2.) Developing countries:

Developing countries are countries with economies that have a low gross domestic product (GDP) per capita and rely heavily on agriculture as the primary industry. When it comes to regions of the world, developing countries have not quite reached economic maturity, although there's a wide array of different definitions.

Example: INDIA, CHINA,AFGANISTAN, ARGENTINA

3.) Under Developed Countries:

A country that is less developed economically than most others, with little industry and little money spent on education, health care, etc.: The money is earmarked for shares of companies in underdeveloped countries

Example: BANGLADESH,BENIN,BUTAN,CAMBODIA

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