This essay focuses on current middle-income countries . In a Word document, compare how current middle-income countries face the same sorts of development challenges that industrialized nations such as England, Japan, and the United States
Review Chapter 2 in Muennig and Su (2013).
Firstly, In a Word document,
Secondly, 1.5 line spacing,
Thirdly, 12 Times New Roman font,
In addition, write a short essay (300 – 500 words)
In a Word document,
compare how current middle-income countries face the same sorts of development challenges
that industrialize nations such as England, Japan, and the United States did in the last century?
Firstly, What has changed?
Secondly, What is similar?
Thirdly, What is different?
References should be mention in APA style
MICs are one of the income categories that the World Bank uses to classify economies for operational and analytical purposes.
The World Bank has historically classify every economy as low, middle, or high income.
It now further specifies countries as having low-, lower-middle-, upper-middle-, or high-income economies.
The World Bank uses GNI per capita, in current U.S. dollars convert by the Atlas method of a three-year moving average of exchange rates, as the basis for this classification.
It views GNI as a broad measure and the single best indicator of economic capacity and progress.
The World Bank use to refer to low-income and middle-income economies as developing economies;
in 2016, it chose to drop the term from its vocabulary, citing a lack of specificity.
Instead, the World Bank now refers to countries by their region, income, and lending status.