Question

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

Answer 1

Answer:

1) Health and Education indicators have come to be widely used as a measure of development of the country.

2) Human Development Report published by UNDP compares countries on the educational levels of the people and health status. Whereas, World Bank uses the criteria of Per Capita Income. Countries with the per capita income of US $ 12236 per annum are called rich countries. Those with the Per Capita Income of US $ 1005 or less are called low - income countries.

In this way, the criterion used by the UNDP for measuring development different from the one used by the World Bank.

Answer 2

Answer:

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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.