Explain two demerits of the World Bank criterion of comparing development of countries.
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Answer: The main criterion used by the World Bank in classifying different countries is the per capita income or average income of a person in a country. Limitations of this criterion: ... One might have equitable distribution of income while the other might have great disparities between the rich and the poor.
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The main criterion used by the World Bank in classifying different countries is the per capita income or average income of a person in a country. Limitations of this criterion: ... One might have equitable distribution of income while the other might have great disparities between the rich and the poor.
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