Classifications of Countries Based on Their Level of Development: How it is Done and How it Could be Done
AbstractThe 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 argues that a country classification system based on a transparent, data-driven methodology is preferable to one based on judgment or ad hoc rules. Such an alternative methodology is developed and used to construct classification systems using a variety of proxies for development attainment.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 11/31.
Date of creation: 01 Feb 2011
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- Lynge Nielsen, 2013. "How to Classify Countries Based on Their Level of Development," Social Indicators Research, Springer, vol. 114(3), pages 1087-1107, December.
- Yongzheng Yang, 2011. "Global Rebalancing: Implications for Low-Income Countries," IMF Working Papers 11/239, International Monetary Fund.
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