Why are countries of middle east not called developed countries?
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i) These are small countries.
(ii) The gap between rich and poor is very high,
(iii) Though per capita income in Middle East countries is very high but there is unequal distribution of wealth.
(iv) These countries have high per capita income due to oil production. So they have only one major source of income.
(v) The World Development Report brought out by the World Bank has excluded these countries from the list of developed countries.
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