What is the main criterion used by the world bank is classifying different countries what are limitation of this criterion if any in what respects is the criterion used by thr UNDP for measuring development different from the one used by the world bank
Answers
Answer:
Per Capita Income is main criterion used by the world bank.
Per capita Income is the average income of country's population.
UNDP uses health status, education, average income and infant mortality rate as criterian for measuring development of country
criterion used by World Bank is not appropriate because income is not constant for whole population.
criterion used by UNDP is too appropriate for measuring country's development
World bank use to classifying the different countries on the bases of that world bank make a criterion if the country have crossed that criteria so that that country was a developed country but that is wrong to classify the country on that base if a country have a big population and have a big size of the location. so an another country have very small size and location and have a very low population so how that these both country have same problem and have come in same criteria that make by the world bank to declare that the country was a developed country . So the government make an another sector to measure the country income dut they don't classify the countries on the national income of a country but they classify the country on the bases of there population and there size location so that's why there classification method is absolutely correct to classify the different countries on this basis to declare that a country was a developed country . Example like Sri Lanka and India - Sri Lanka is very small in size from our state Haryana in India . And there population is 1/2 of our state UP. so how can we classify that country and our country in a same criteria that made by the world bank .