World Bank Report vs Human Development Report

Introduction:
The World Bank and the United Nations Development Programme (UNDP) publish two different reports that assess the economic and social development of countries around the world. These reports are the World Bank Report and the Human Development Report.

World Bank Report:
The World Bank Report is published annually, and it focuses on the economic development of countries around the world. The report provides an analysis of the global and regional economic outlook, as well as an assessment of the economic performance of individual countries. The report also includes policy recommendations for improving economic growth, reducing poverty, and promoting development.

Human Development Report:
The Human Development Report is also published annually, and it focuses on the social development of countries around the world. The report provides an analysis of the performance of countries in terms of human development indicators such as education, health, and income. The report also includes policy recommendations for improving human development, reducing inequality, and promoting sustainable development.

Differences:
1. Focus:
The World Bank Report focuses primarily on economic development, while the Human Development Report focuses on social development.

2. Indicators:
The World Bank Report focuses on economic indicators such as GDP growth, inflation, and trade, while the Human Development Report focuses on social indicators such as education, health, and income.

3. Policy recommendations:
The World Bank Report provides policy recommendations for improving economic growth and reducing poverty, while the Human Development Report provides policy recommendations for improving human development and reducing inequality.

4. Audience:
The World Bank Report is primarily targeted at policy-makers, economists, and investors, while the Human Development Report is targeted at a wider audience, including civil society organizations, academics, and the general public.

Conclusion:
In conclusion, the World Bank Report and the Human Development Report are two important reports that provide valuable insights into the economic and social development of countries around the world. While both reports are aimed at promoting development, they differ in their focus, indicators, policy recommendations, and audience.

Human development :

a. This notion of development  implies leading a good quality life where individuals develop themselves to the fullest. It includes providing good education, health facilities. This gives us a broader picture of development as specified by Human Development index.It includes the qualitative aspect of development.  

b. This would include the literacy rate ,life expectancy rate, infant mortality rate to determine the development status of a particular region or a country.

 c. All the above aspects of human development could be regarded important to provide a complete picture of development and to lead a quality, dignified life.

World Development report :

a). It focuses on development in the conventional sense that would mean rise in per capita income and growth in the economy while comparing countries. It takes into account the quantitative aspect of development and does not give a broader perspective about the notion of development

b). It takes into account national income, per capita income, GDP. This indeed is considered as important factor of drawing comparisons between countries. It is the average income or per capita income which is taken into consideration while making comparisons. 

c). World bank has specified the criterion accordingly, for categorising countries into developed, developing and underdeveloped countries