Why are the rich middle east countries of the world excluded from the category of developed countries?
Answers
Kindly follow these points,
According to the World Bank report of 2013, not all the middle east countries are excluded from the category of developed countries.
The middle eastern countries fall into the category of advanced nations because of gross national income and human development index like Bahrain and Israel.
There are other countries which fall under the underdeveloped nations like Egypt because of corruption, political instability and inefficiency.
Moreover, the countries have high resources, good political structure and very high gross national income, but due to unstable connections and war with other countries, they fall under the category of underdeveloped countries.
Explanation:
(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.