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Q.Give two examples of regional and economic Groupings.

Jammu Kashmir JkboseJKBOSE Class 11 (Commerce) 2024Subjective· 2mImportance★★★★★
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A regional grouping classifies countries by geography (e.g., South Asia, Sub-Saharan Africa), while an economic grouping classifies them by their level of income/development (e.g., Low-Income, Middle-Income, High-Income, or OECD countries) — both kinds of groupings are used in comparative development studies.

When comparing the development experience of countries such as India, China, Pakistan and others, international agencies classify nations in two complementary ways:

  1. Regional groupings — based purely on geographic location, e.g. South Asia (India, Pakistan, Bangladesh, Nepal, Sri Lanka, Bhutan, Maldives, Afghanistan — the SAARC region), or Sub-Saharan Africa, or East Asia & Pacific. …

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