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Understanding Development and PCI

Development refers to improving the quality of life, encompassing economic growth, social progress, and environmental well-being, with varying goals for different individuals. Per Capita Income (PCI) is a measure used to compare countries based on their income per person, influencing classifications by organizations like the World Bank. National development includes enhancing living standards and social amenities, while acknowledging that money alone cannot secure all necessary goods and services for a fulfilling life.

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19 views2 pages

Understanding Development and PCI

Development refers to improving the quality of life, encompassing economic growth, social progress, and environmental well-being, with varying goals for different individuals. Per Capita Income (PCI) is a measure used to compare countries based on their income per person, influencing classifications by organizations like the World Bank. National development includes enhancing living standards and social amenities, while acknowledging that money alone cannot secure all necessary goods and services for a fulfilling life.

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aadipravalll
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© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Q1 What is development? Mention features of development.

Ans- "Development" generally refers to the process of improving the overall quality of
life for people, including economic growth, social progress, and environmental well-
being. It involves creating a better life for everyone, ensuring basic needs are met, and
fostering a sense of well-being and happiness.

features of development.
(i) Different people have different developmental goals.
(ii) What may be development for one may not be development for the other. It may even be
destructive for the other.

(iii) Income is the most important component of development, but


along with income, people also seek equal treatment, good health,
peace, literacy, etc.
(iu) For development, people look at mixed goals.
Q2 What is PCI? Where it is used?
Ans- Answer: PCI is Per Capita Income. It is calculated by dividing
the National Income of the country by population.
Uses:
(i) It is used to compare different countries.
(ii) The World Bank has divided the countries into rich or low income
countries on the basis of per Capita income.
Q3. What is national development? What are the aspects
covered under the national development?
National development is a comprehensive term which includes
improvement in living standard of the people, increase in per capita
income, providing social amenities like education, medical care,
social services, etc. to the citizens of the country.
(i) Under national development, a country uses its resources in a fair
and just way.
(ii) Under this only those programmes and policies are implemented
which would benefit a large number of people.
(iii) Under national development, countries focus more on social
infrastructure which includes education, health and other social
services.
Q4 ‘Money cannot buy all the goods and services that one
needs to live well.’ Explain
(i) Money or material things that one can buy with it is one factor on
which our life depends. But the quality of our life also depends upon
non-material things like equal treatment, freedom, security, respect
of others, etc.
(ii) Money cannot buy us a pollution free environment,
unadulterated medicines, peace, etc.
(iii) There are many facilities like schools, colleges, parks, hospitals
which an individual cannot afford. All these are to be provided by
the government/society.
(iv) Money possessed by an individual even can not provide us a
type of government which take decisions for the welfare of the
common people.
Q5 What is the main criterion used by the World Bank in
classifying different countries? What are the limitations of
this criterion?
The World Development Report, 2012, brought out by the World
Bank has given the following criteria in classifying countries :
(i) Rich or High income countries : Countries with the per capita
income of US $12276 per annum and above in 2010, are called rich
countries.
(ii) Poor or Low income countries: The countries with the per capita
income of US $ 1005 or less, are called low income countries.
India comes in the category of low middle income countries because
its per capita income in 2010 was just US $1340.4 per annum. The
rich countries, excluding countries of Middle East and certain other
small countries, are generally called the developed countries.

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