Question

1. On what basis are countries classified in the World Development Reports, brought out by the World Bank? What are the categories as per the report published in 2017?
2. How is this basis different for the one used by UNDP?

Answer 1

Answer:

When it comes to income , the World Bank divides the world's economies into four income groups: high, upper-middle, lower-middle, and low. The income classification is based on a measure of national income per person, or GNI per capita, calculated using the Atlas method.

Answer: The criterion used by the UNDP for measuring development is different from the one used by the World Bank in the sense that it uses a combination of factors such as health, education and income as indicators of development. It does not rely solely on per capita income, as is the case with the World Bank.