Give reasons why the Middle East countries are not called developed countries even though their per capita income's are high ?
The following points may help you:
a. As per the World Bank report 2013, not all middle east countries have been excluded from the category of developed nations.
b. Taking into consideration the gross national income and human development index , middle east countries like Bahrain, Israel have been put under the category of developed nations or advanced economies .
c. On the other hand countries like Egypt, remains an underdeveloped nation with GNP of $5,500, due to inefficiency, corruption, political instability .
d. We may also give example of Iraq, a country rich in oil resources but is underdeveloped because of insurgency, its war with Iran, politically volatile climate hampering its economic progress .
a. As per the World Bank report 2013, not all middle east countries have been excluded from the category of developed nations.
b. Taking into consideration the gross national income and human development index , middle east countries like Bahrain, Israel have been put under the category of developed nations or advanced economies .
c. On the other hand countries like Egypt, remains an underdeveloped nation with GNP of $5,500, due to inefficiency, corruption, political instability .
d. We may also give example of Iraq, a country rich in oil resources but is underdeveloped because of insurgency, its war with Iran, politically volatile climate hampering its economic progress .