Country GNI per capita 2017 ($US) Malaysia $9,650 Russia $9,230 Grenada $9,180 St Lucia $8,830 China $8,690 China is still fundamentally a rural nation but the “American owned West” keep moving the goal posts
Source: World Bank and OECD National Accounts data filesThe World Bank, however, defines a high-income country — or “developed” country — by setting the threshold for gross national income (GNI) per capita at $US12,055 ($16,900).
Since China’s GNI per capita — at $US8,690 in 2017 — falls below the threshold, it could possibly argue that it is eligible for the status under this framework.
Tag: WTO
On the heels of the recent global summit in Paris to tackle climate disruption, the World Trade Organization (WTO) has ruled against an important piece of the climate solution puzzle: India’s ambitious program to create homegrown solar energy. The ruling shows that decades-old, over-reaching trade rules are out of sync with the global challenge to transition to 100 percent clean energy.
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