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Question
In what respect is the criterion used by UNDP for measuringdevelopment is different from world bank.explain
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Solution
Dear Student,
The World Bank uses only a single criterion i.e. average income for measuring development. On the other hand, the UNDP uses multiple criterion which include life expectancy, literacy rate and average income for measuring development which are also the parameters which form the Human Development Index (HDI).This is how the criterion used by UNDP for measuring development is different from the World Bank.
Regards
Dear Student,
The World Bank uses only a single criterion i.e. average income for measuring development. On the other hand, the UNDP uses multiple criterion which include life expectancy, literacy rate and average income for measuring development which are also the parameters which form the Human Development Index (HDI).This is how the criterion used by UNDP for measuring development is different from the World Bank.
Regards
The World Bank uses only a single criterion i.e. average income for measuring development. On the other hand, the UNDP uses multiple criterion which include life expectancy, literacy rate and average income for measuring development which are also the parameters which form the Human Development Index (HDI).This is how the criterion used by UNDP for measuring development is different from the World Bank.
Regards
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