The world Bank,for instance, uses GNP per capita to classify countries as low-income (GNP per capita of $765 or less in 1995), middle-income (including lower-middle-income, $766 to $3,035, and upper-middle-income,$3,036 to $9,385), or high-income ($9,385 or more; Map 2.1). A more popular, though apparently more disputable, approach involves dividing all countries into "developing" and "developed" despite the general understanding that even the most developed countries are still undergoing development. Dividing countries into "less developed" and "more developed" does not help much either, because it is unclear where to draw the line between the two group. In the absence of a single criterion of a country's development, such divisions can only be based on convention among researchers. For example, it is conventional in the Wold Bank to refer to low-income and middle-income countries as "developing," and to refer to high-income countries as "industrial" or "developed.
The relatively accurate classification of countries into "developing" and "developed
The world Bank,for instance, uses GNP per capita to classify countries as low-income (GNP per capita of $765 or less in 1995), middle-income (including lower-middle-income, $766 to $3,035, and upper-middle-income,$3,036 to $9,385), or high-income ($9,385 or more; Map 2.1). A more popular, though apparently more disputable, approach involves dividing all countries into "developing" and "developed" despite the general understanding that even the most developed countries are still undergoing development. Dividing countries into "less developed" and "more developed" does not help much either, because it is unclear where to draw the line between the two group. In the absence of a single criterion of a country's development, such divisions can only be based on convention among researchers. For example, it is conventional in the Wold Bank to refer to low-income and middle-income countries as "developing," and to refer to high-income countries as "industrial" or "developed.The relatively accurate classification of countries into "developing" and "developed
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