Global Income Distribution and the Middle-Income Strata: Implications for the World Development Taxonomy Debate

What is it about?

The article analyses the recent shifts in the World Bank’s Country Income Classification. Likewise, it shows the implications of those changes for the way the emergence of the middle strata is conceived at international, regional and national levels

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Why is it important?

Our findings raise awareness of the shortcomings and drawbacks regarding the composition of the World Bank's Country Classification System and the conventional notion of the middle-income strata