Give at least 5 difference between undp and world bank.
need the answer today bcz my test is tomorrow morning
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World Bank is a Bretton Woods institution and a financial organisation that provides loans to developing countries. Its stated goal is the reduction of poverty in the world and its decisions are guided by a commitment to increase foreign investment and international trade. It comprises two institutions- The International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The IBRD has 188 member countries while the IDA has 170 member countries. The President of the World Bank is nominated by the President of the US and is always a citizen of the US. The voting pattern of World Bank is skewed in favour of developed countries. Thus, it is still some distance away from being entirely democratic in its affairs.
UNDP uses the criteria of Human Development Index (HDI). It gives us a transperant and clear-cut information about the development of the population in that particular area. It measures the development of the people on the following basis:- Life expectancy, Literacy rate, Per Capita Income. While the World Bank uses only Per Capita Income to measure the development of the particular area as it also has many limitations with regard to the HDI such as it doesn 't tell us about the life expextancy in that area and it also doesn 't show us whether the people are educated in that area or not.
On the other hand, The criterion used by the world bank to compare different countries is Per Capita Income. According to the Word bank in 2010 Contries with per capita income of USD.12616 per annum and more are called Rich countries. Onthe other hand Countries with per capita income of USD.1035 per annum or less is considered to be low income countries.
World Bank is a Bretton Woods institution and a financial organisation that provides loans to developing countries. Its stated goal is the reduction of poverty in the world and its decisions are guided by a commitment to increase foreign investment and international trade. It comprises two institutions- The International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The IBRD has 188 member countries while the IDA has 170 member countries. The President of the World Bank is nominated by the President of the US and is always a citizen of the US. The voting pattern of World Bank is skewed in favour of developed countries. Thus, it is still some distance away from being entirely democratic in its affairs.
UNDP uses the criteria of Human Development Index (HDI). It gives us a transperant and clear-cut information about the development of the population in that particular area. It measures the development of the people on the following basis:- Life expectancy, Literacy rate, Per Capita Income. While the World Bank uses only Per Capita Income to measure the development of the particular area as it also has many limitations with regard to the HDI such as it doesn 't tell us about the life expextancy in that area and it also doesn 't show us whether the people are educated in that area or not.
On the other hand, The criterion used by the world bank to compare different countries is Per Capita Income. According to the Word bank in 2010 Contries with per capita income of USD.12616 per annum and more are called Rich countries. Onthe other hand Countries with per capita income of USD.1035 per annum or less is considered to be low income countries.