Question

What are the two basic tools used for comparing an underdeveloped country with a developed one? What organisations developed these tools?​

Answer 1

The average or per capita income is the main criterion for comparing a developed country with an underdeveloped one.
Countries with per capita income of Rs 4,53,000 per annum and above in 2004 are called high-income countries, and countries with per capita income of Rs 37,000 or less are called low-income countries.
In 2004, India was considered a low-income country because its per capita income was just Rs 28,000. In 2006, the World Development Report to classify countries was based on the average income criterion.

Answer 2

Answer:

HDI -Human Development Index & Per - capita income.

Explanation:

Two basic criteria for comparison are:

- Average / per – capita income: It was brought by the world bank. They used the classifying criterion that developed countries should have a per capita income of US$12736 per annum (rich countries-Japan, US, UK), while those with per capita income of US$1045 or lesser are low income / under developed / developing countries (Nigeria, South Sudan). The countries with a per - capita income of US$ 12736-US$1570 is known as low middle income countries [India has a per – capita income of US$1570 per annum].This is according to the World Development Report 2013, given by the World Bank.

- Human Development Index: It was created by the United Nations Development Programme (UNDP). They believed that for development there should be education, health (infant mortality rate, life expectancy, BMI), Gross Enrollment Ratio (GER),Net Attendance Ratio (NAR), and other factors like freedom, equality etc.

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