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The Global Economic EnvironmentName:Institution:Not all countries are endowed with natural resources as such there are different levels of development with regard to how a country exercises its economic and political power. Different countries have different abilities to exploit their resources and in the same way there are different ways of classifying development. 1. The World Bank classifies development of the different countries in the world into four levels, basing them on their gross national incomes (GNI) per capita (The World Bank, 2013).Low income countries have an income o...