Ideas to Action:

Independent research for global prosperity



August 4, 2014

How Has the Developing World Changed since the Late 1990s? A Dynamic and Multidimensional Taxonomy of Developing Countries - Working Paper 375

Many existing classifications of developing countries are dominated by income per capita (such as the World Bank’s low, middle and high income thresholds), thus neglecting the multidimensionality of the concept of ‘development’. Even those deemed to be the main ‘alternatives’ to the income-based classification have income per capita heavily weighted within a composite indicator.