Final answer:
The WTO considers the majority of low-income nations to be located in A. Sub-Saharan Africa.
Step-by-step explanation:
The majority of the nations that the World Trade Organization (WTO) considers low-income are located in Sub-Saharan Africa. According to data from sources like the World Bank, many low-income countries, defined by a per capita Gross National Income (GNI) of $1,035 or less as of 2019, are primarily found in Sub-Saharan Africa and Asia.
However, while Asia does have a significant number of low-income countries and is home to a large portion of the world's poorest population, the African continent holds the majority of countries that are categorized as low-income by the World Bank. These countries often face considerable challenges, including high rates of absolute poverty, political instability, and a lack of legal frameworks conducive to economic growth.
It is also noted that other pockets of low-income nations exist in parts such as the former Soviet Bloc, Central America, and the Caribbean, though these are less numerous than those found in Sub-Saharan Africa. Common traits among these countries include issues like command economies, corruption, and political strife, which significantly hinder their economic development.