Demographics
–Demographic variables are among the most popular criteria
•Socioeconomic Variables
–Caveats in using per capita income as an economic development indicator:
•Monetization of transactions within a country
•Gray and Black Market sections of the economy
•Income disparities
–Purchasing Power Parity (PPP) criteria
–Human development index (HDI) classification
–Socioeconomic Strata (SES) Analysis