Question

what is the difference between UNDP method of comparing? which one is better according to you and why?​

Answer 1

Answer:

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.

Answer 2

Answer:

World bank only uses per capita income for measuring development while UNDP uses many other factors like infant mortality, healthcare facility education level which help in improving the quality of life and helps in making the citizens more productive. As per HDI- 2014, India’s rank is 135. On the other hand, the World Bank uses per capita income as the only criterion for measuring development and classifying the countries as rich and poor. Per capita income is useful for comparison, it does not tell us how income is distributed.

Hope it help you.