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Tag Archives: Measurement
What does it mean when a country is classed as ‘developed’? It’s certainly not a finite state. For the World Bank a ‘developed’ country is one with a high Gross National Income (GNI) per capita. They then classify countries according to their income level. But this doesn’t tell the whole story – it doesn’t give you the distribution of wealth across a population (like the GINI index or coefficient attempts to do), it just gives a straight average of national income divided by population.