Question

4. What is the main criterion used by the World Bank in
countries? What are the limitations of this criterion, if any?​

Answer 1

Answer:

It helps the Third World countries to overcome their problems by providing financial assistance

Answer 2

The criterion used by world bank is per capita income to tell whether the counties are rich or poor . Countries with per capita income of US$ 12,736 or more are called rich countries and less are called poor countries .

Limitation : (1) it doesn’t show the distribution of income.
(2) it also ignores other factors such as infant mortality rate, literacy rate, health and sanitation etc.



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