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    Bhatnagar International School Paschim Vihar

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    kanica bathla
    This document outlines key concepts related to measuring a country's development level. It discusses how the World Bank measures development based on per capita income, categorizing countries as rich, low-income, or low-middle income. It also discusses the UNDP's Human Development Index, which considers health, education, and standard of living indicators like literacy rate, infant mortality rate, and net school attendance. While income is an important measure, these other social factors provide a more comprehensive view of development.

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    Bhatnagar International School Paschim Vihar

    Uploaded by

    kanica bathla
    30 views10 pages
    This document outlines key concepts related to measuring a country's development level. It discusses how the World Bank measures development based on per capita income, categorizing countries as rich, low-income, or low-middle income. It also discusses the UNDP's Human Development Index, which considers health, education, and standard of living indicators like literacy rate, infant mortality rate, and net school attendance. While income is an important measure, these other social factors provide a more comprehensive view of development.

    Original Description:

    Economics Class 10 Chapter 1 Development Part 2

    Original Title

    Session 2

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    This document outlines key concepts related to measuring a country's development level. It discusses how the World Bank measures development based on per capita income, categorizing countries as rich, low-income, or low-middle income. It also discusses the UNDP's Human Development Index, which considers health, education, and standard of living indicators like literacy rate, infant mortality rate, and net school attendance. While income is an important measure, these other social factors provide a more comprehensive view of development.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    30 views10 pages

    Bhatnagar International School Paschim Vihar

    Uploaded by

    kanica bathla
    This document outlines key concepts related to measuring a country's development level. It discusses how the World Bank measures development based on per capita income, categorizing countries as rich, low-income, or low-middle income. It also discusses the UNDP's Human Development Index, which considers health, education, and standard of living indicators like literacy rate, infant mortality rate, and net school attendance. While income is an important measure, these other social factors provide a more comprehensive view of development.

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    © All Rights Reserved
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    Download as pptx, pdf, or txt
    of 10

    BHATNAGAR INTERNATIONAL SCHOOL

    PASCHIM VIHAR

    ECONOMICS
    CLASS 10

    CHAPTER 1 – DEVELOPMENT
    Presentation 2
    Topic Outlines

    •RE C A P I T U L A T I O N O F P R E VI O U S C L A S S
    •H O W T O C O M P A R E D IF F E R EN T
    C O U N T RI E S
    •W O R L D B A N K M EA S U R ES O F
    D E VE L O P M E N T
    • I N D I C A T O R S O F U N D P ( H D I)
    How to compare different countries?

    For comparing countries their income is considered


    to be the most important attribute.

    And to compare the income level of the countries the


    average income or the per capita income is the most
    important indicator of development.

    Per capita Income = Total Income


    Total Population
    World Bank Criteria of Development

    World Bank in their WDR (World Development Report) measures the


    level of development of the countries on the basis of their per capita
    income as:
    Rich Countries or Developed economies
    Low Income Countries or Underdeveloped economies
    Low Middle Income Countries Or Developing economies

    Countries with per capita income of US$ 12736 and above are called as
    Rich countries. Eg. Japan, USA, Germany
    Countries with Per Capita income as US$ 1045 or less are called Low
    income countries. Eg. Afganistan, Bangladesh.
    Countries with Per capita income of just US$ 1570 comes under the
    category of Low middle income countries Eg.India
    Other criteria’s

    However, there are certain restrictions to this norm


    because income, although an important measure for
    calculating growth and development, is not the only
    attribute.

     Over the past few decades, health and education


    have made an important mark in the development of
    a country. So, even if the country has high per capita
    income and literacy rate but does not have good
    medical facilities, it cannot be considered developed.
    Other Indicators

    So as we know the National Development constitutes


    both economic development and social development
    so we need to understand about the measures of
    social development or non – economic development.
    UNDP (United Nations Development Programme)
    measures and rank countries based on the level of
    social and economic development.
    HDI (Human Development Index) is a tool used by
    Uations Nations or UNDP to measure development.
    Indicators of HDI
    The concept of HDI goes beyond income and growth to cover overall
    development with the object of improving the conditions of people
    from all angles. The organization that measures the HDI is the
    United Nations.

    Three major indicators of the HDI are as follows


     Health: Without proper health facilities, no matter how much a
    country earns, it will not be able to provide basic facilities to its
    people.
     Education: Over the past few decades, education has become an
    important factor in leading a quality life. So, if the country has high
    income but the literacy rate is low, it cannot be considered developed.
    Security: More than income, people want to have a secured life. A
    country should be able to provides its citizens a sense of security.
    Tools of Indicators of HDI

    Literacy Rate: Is defined as the proportion of


    literate population in the 7 and above age group.
    Infant Mortality rate: Indicates the number of
    children that die before the age of 1 year as a
    proportion of 1000 live children born in that
    particular year.
    Net Attendance Ratio: It is the total number of
    children of age group 6-10 years attending the school
    as a percentage of total number of children in the
    same age group.
    Comparison between indicators of UNDP and World Bank
    Thank you for today

     to be continued...

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