Question

In what respects is the criterion used by the UNDP for measuring development different from the one used by the World Bank? Explain.

Answer 1

Average income is the only criteria used by World Bank to measure development. While for the case of UNDP,average income along with literacy rate, health is important parameters.
This is because average income alone cannot always determine positive growth. If some people of a country are very rich with few Poor and a country having equal number of rich and poor, then the average income of both comes to nearly the same. But the 2nd country is far more developed because people there are more happy and have equal opportunities.
Eg, for country 1
5 persons, two of them has income of Rs 10, 000 while other 2 have rs 1000 and one rs 500.
For country 2,
Out of 5, 4 have rs 5000 and one rs 2500.
Both total income is rs 22,500and Thus average income same. (rs 2 2500/5).
But the 2nd country has more equitable distribution of income.
That is the difference.
If all parameters are measured together it shows a development in the real sense.

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Answer 2

Answer:

Explanation:

The criterion used by the UNDP for measuring development is different from the one used by the World Bank in following ways:

i) UNDP measures development on the parameters of education, health and per capita income whereas World Bank measures the same only on the basis of per capita income.

ii) UNDP ranks the countries on the basis of development whereas World Bank classifies them into three categories: rich countries, middle income countries and poor countries.

iii) UNDP has a broader framework to measure development whereas World Bank has a narrow framework to measure the same.

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