The UN on the "Standard country or area codes for statistical use (M49)" makes mention of "Global Code". It's 001 for every entry in the table. The "Global Name" is likewise "World". What is the Global Code, and is it defined for anything that is not 001? By extension is there a "Global Code" for anything that is not "World"?
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The UN Global Code 001 and the Global Name World are being used as delimiters for a taxonomy; it does seem very redundant, as well as implied, however there probably is a good reason for it.
Toggling the Geographic Regions closed is what made this makes sense to me:
Geographic Regions Toggled Open:
Geographic Regions Toggled Closed:
