“…This value is usually accepted as the rule of thumb. However, it was shown that the proper values for upper and lower bounds of level of fuzziness are 1.4 and 2.6, respectively [22,23]. In our analysis, number of clusters is set to four, in order to partition the countries as ''small", ''medium", ''large" and ''very large" countries and both the upper and the lower bounds for the level of fuzziness are used to obtain two different clustering.…”