Quick Answer: Why UNDP Report Is Superior Than World Bank Report?

What is the difference between World Bank report and UNDP report?

United Nation’s Development Report is a ranking system which ranks 188 countries while World Bank classifies countries into 4 groups.

World Bank depends on Acreage income (per capita income) for classifying countries while UNDP uses education and health indicators along with income..

How many countries are included in HDI ranking?

189 countriesThe United Nations Development Programme (UNDP) compiles the Human Development Index (HDI) of 189 countries in the annual Human Development Report. The index considers the health, education and income in the country to provide a measure of human development which is comparable between countries and over time.

What is HDI in economics class 10?

Definition: The Human Development Index (HDI) is a statistical tool used to measure a country’s overall achievement in its social and economic dimensions. The social and economic dimensions of a country are based on the health of people, their level of education attainment and their standard of living.

What is the criterion used by UNDP to classify countries Why is it considered appropriate criteria for comparison?

The criterion used by World Bank: The average income, i.e. per capita income is the main criterion used by the World Bank in classifying different countries. 2. The UNDP compares countries based on HDI e., on the educational levels of the people, their health status and per capital income or average income. 3.

What are the three components of human development index?

The Human Development Index (HDI) provides a single index measure to capture three key dimensions of human development: a long and healthy life, access to knowledge and a decent standard of living.

Why is UNDP report more reliable of the two?

The UNDP report is more valuable as the per capita income is not fully reliable as although it shows the average income of the people in a particular country, it hides disparities. Therefore, it is essential to consider other factors too along with per capita income for comparing countries.

What does the highest HDI of a country indicate?

A country scores a higher HDI when the lifespan is higher, the education level is higher, and the gross national income GNI (PPP) per capita is higher.

What is the full form of HDI?

The Human Development Index (HDI) is a summary measure of average achievement in key dimensions of human development: a long and healthy life, being knowledgeable and have a decent standard of living. The HDI is the geometric mean of normalized indices for each of the three dimensions.

Which criterion is used in World Development Report in classifying countries?

In World Development Reports, brought out by the World Bank, this criterion is used in classifying countries. Countries with per capita income of US$ 12,056 per annum and above in 2017, are called rich countries and those with per capita income of US$ 955 or less are called low-income countries.

Why is per capita income considered as an important criterion for development?

It is an important criterion because it tells us what an average person is likely to earn and also gives some idea about the rising standard of living. Prosperity of a country depends not only on its national income but also on the number of people who would share it.

What are the indicators used by UNDP for measuring development compare it with the World Bank report?

The UNDP has taken : (c) Per-capita income as the indicators. (ii) Compared to the World Bank Report : (a) It is a broader concept of development. (b) Countries have been ranked and goals other than level of income are being taken into account.

In what respect is the criterion used by UNDP different from that of World Bank?

Answer: The criterion used by the UNDP for measuring development is different from the one used by the World Bank in the sense that it uses a combination of factors such as health, education and income as indicators of development. It does not rely solely on per capita income, as is the case with the World Bank.

What indicators are used by UNDP to measure development explain?

Description. Human Development Indicators published annually by the United Nations Development Programme (UNDP), provide broad measures of well-being worldwide. There are three data dimensions: life expectancy, education, and purchasing power parity. The UNDP also issues the annual Human Development Report.

What are the indicators used by UNDP?

What are the indicators used by UNDP for measuring development?…Literacy Rate.Life Expectancy Rate.Net Enrollment Ratio.Net Attendance Ratio.

What are the indicators used by UNDP to compare countries?

Various indicators are used by UNDP for measuring of development of a country are as follows :Per capita income.Life expectancy at birth.Literacy rate for 15+year population.Gross enrolment ratio for three levels.