Question

What us the main criterion used by the
World bank in classifying different countries ? What are theimitations of this criterion ,if any?

Answer 1

world Bank classify countries on the basis of PCI.
1)large population low pci.
2)it hides disparities among rich and poor.
3)it ignore factors like health and education.
hope it helps you.

Answer 2

according to the criteria used by World Bank countries with per capita income of 4,53000 per annum and above in 2004 are called rich countries and those with per capita income of 37000 per annum or less are called low income countries .


limitations.
limitations of this criteria although the country maybe reach there may not be equal distribution of income a small number of people may be extremely rich and the mass of may be poor .while average income is used for comparison it does not tell how this income is distributed among people .