SELECT * FROM question_mgmt as q WHERE id=10317 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=9 AND subId=46 AND chapterId=327 and ex_no='1' AND status=1 ORDER BY CAST(question_no AS UNSIGNED) CBSE Free NCERT Solution of 10th social-science-understanding-economic-development Development what is the main criterion used by the world bank

Question:

What is the main criterion used by the World Bank in classifying different countries? What are the limitations of this criterion, if any?

Answer:

(1) In the World Development Report, 2006, the criterion of average income or per capita income used by the World Bank in classifying different countries. The total income of the country divided by its population is defined as the average income or the per capita income

(2) countries are classified according to the WDR 2006 mentioned below: Rich countries :Rich countries are countries with per capital income of 4,53,000 per annum and above in 2004 Low-income countries : Low-income countries are countries with per capital income of 37,000 or less 28,000 per annum is the per capita income in 2004. Developed countries are generally the rich countries, excluding countries of Middle East and certain other small countries are generally called developed countries.

(3) Limitations of the criterion are as mentioned below It does not show that this income is distributed among people. Equitable distributionis there in a country.People are not very rich or extremely poor. With the same average income, one may be extremely rich or may be very poor. So, the correct picture of a country cannot be described by the method of average income. Therefore, this method hides disparities among people.


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