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what is the main criterion used by world bank in classification different countries what is the limitation |
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Answer» Explanation: Per Capital Income is the main criterion used by the World Bank in classifying different COUNTRIES.The limitation of this criterion are: → It doesn't show distribution of income. → It also ignores other factors such as infant MORTALITY rate, literacy level, healthcare, ETC. World bank classifies different countries based on their per capita income into 2 groups RICH and poor. Rich countries - Rs 453000 per annul Poor countries - Rs 37000 per annul The world bank has taken only one criterion to classify countries. This is quite inadequate to asses the real development achieved by a country . It should have added other factors such as health ,educational status etc. |
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