Classifications of Countries Basedon their Level of Development : How it is Done and How it Could Be Done »
Series: IMF Working Papers
Author(s): Lynge Nielsen
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2011
Keywords: Country classification systems, taxonomy, taxonomies, per capita income, balance of payments, exporting countries, Economic Development: General,
The paper analyzes how the UNDP, the World Bank, and the IMF classify countries based on their level of development. These systems are found lacking in clarity with regard to their underlying rationale. The paper a...