Classifications of Countries Basedon their Level of Development : How it is Done and How it Could Be Done

Author/Editor: Lynge Nielsen
Publication Date: February 01, 2011
Electronic Access: Free Full text (PDF file size is 1,061KB).
Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
Summary: 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 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.
Series: Working Paper No. 11/31
Subject(s): Developed countries | Developing countries | Development | Emerging markets | International Monetary Fund | UNDP | World Bank

Author's Keyword(s): Country classification systems | developing countries | developed countries
Publication Date: February 01, 2011
ISBN/ISSN: 9781455216789/1018-5941 Format: Paper
Stock No: WPIEA2011031 Pages: 45
US$18.00 (Academic Rate:
US$18.00 )
Please address any questions about this title to