Question

differentiate between the criterion used by world bank and UNDP to define national development

Answer 1

UNDP :
1) It includes social & economic factors for the measure of development.
2) it has a broader concept.
3) it consider only PCI.

World bank :
1)It includes only economic factors for the measure of development.
2) it has narrow concept.
3) it uses PCI with other indicators like literacy rate , BMI , IMR.

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Answer 2

Answer: Criterion used by world bank to measure development is on the basis of income, countries which have higher per capita income are considered as rich countries and countries having lower per capita income are poor countries.

Criterion used by UNDP for measuring development is by following the process of estimating HDI with simple average indices like longevity i.e. health knowledge, education and per capita income. it does not rely only on per capita income as in case of world bank. According to human development report education and health are also indicators of development beside food, clothing and shelter.