Chapter 1

NCERT
Class 10
Economics
Solutions
5. In what respects is the criterion used by the UNDP for measuring development different from the one used by the World Bank?

Question:

In what respects is the criterion used by the UNDP for measuring development different from the one used by the World Bank?

Answer:

The World Bank's criteria for measuring development is based on 'income' only. There are several limitations of this parameter. Apart from income, there are many other parameters which are necessary to measure development, because human beings do not think only about sufficient income, but they also think about other goals like their security, getting respect and equal treatment from others, freedom etc. also contemplates. UNDP In the Human Development Report published by the Human Development Report, the following criteria have been adopted for development, which are as follows:

1. Betterment of health of the people : The main parameter of human development is health or longevity. The higher the life expectancy of the people of different countries, the more developed the country will be considered from the point of view of human development.

2. Higher Educational level : Another important parameter of human development is the educational level. The higher the literacy rate in a country, the more developed it is considered and if the rate is lower, then that country is called underdeveloped.

3. Higher per capita income : The third step of human development is per capita income. The parameter is per capita income. In a country where the per capita income is high, the standard of living of the people in that country is also good and a good standard of living is the hallmark of development. In countries where the per capita income of the people is low, the standard of living of the people will also not be good. Such a country cannot be considered as a developed country.

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