What is the main criterion used by the World Bank in classifying different countries? What are the limitation of this criterion ?
Class 10 CBSE || 5 marks ||
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Hello friend!!
Here is ur answer
The main criterion used by the World bank in classifying different countries is Per capita income or Average Income.
1) According to world development report, the countries with per capita income of US$ 12, 736 per annum and above in 2013, are called rich countries.
2) The countries with per capita income of US$ 1045 or less are called low income countries.
Limitations of this criterion are as follows :-
1) It doesn't tell us how the income is distributed among people.
2) Some may be very rich but the masses maybe poor. That is, it hides disparities.
3) Per capita income cannot be regarded as the sole indicator of development. Other Ares are also important like literacy rate, life expectancy , infant mortality rate, etc
Hope this will help you :)
Here is ur answer
The main criterion used by the World bank in classifying different countries is Per capita income or Average Income.
1) According to world development report, the countries with per capita income of US$ 12, 736 per annum and above in 2013, are called rich countries.
2) The countries with per capita income of US$ 1045 or less are called low income countries.
Limitations of this criterion are as follows :-
1) It doesn't tell us how the income is distributed among people.
2) Some may be very rich but the masses maybe poor. That is, it hides disparities.
3) Per capita income cannot be regarded as the sole indicator of development. Other Ares are also important like literacy rate, life expectancy , infant mortality rate, etc
Hope this will help you :)
JessiJ:
And as per NCERT I think ur answer is gone wrong..
See the text..frnd
2nd line of 1st part
They are not called rich countries ...they are low income countries...and there is also a classification in between called middle income countries....for more details see my answer
Answered by
2
What is the main criterion used by the World Bank in classifying different countries? What are the limitation of this criterion ?
The main criteria used by the World Bank in classifying various countries is per capita income or average income of that country.
The World Bank has some limitations of this criteria, which are as follows:
- It is not clear to us from this criteria how average income is distributed among people in countries whose personal average income has been withdrawn.
- Per capita income details of different countries can vary in relation to distribution, no clear criteria can be obtained for this.
- In one case, income of income may be distributed, but in another case, due to great inequality between rich and poor, this can also be uneven distribution, so the criteria fixed by the World Bank is not able to assess perfectly.
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