Changing Wealth of Nations 2018 : Building a Sustainable Future
Language: English
Published by World Bank Publications Feb 2018, 2018
- Softcover
- New
Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH
AbeBooks seller since August 14, 2006
Condition: New
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Add to basketItem description from seller
Neuware - Countries regularly track gross domestic product (GDP) as an indicator of their economic progress, but not wealth—the assets such as infrastructure, forests, minerals, and human capital that produce GDP. In contrast, corporations routinely report on both their income and assets to assess their economic health and prospects for the future. Wealth accounts allow countries to take stock of their assets to monitor the sustainability of development, an urgent concern today for all countries. The Changing Wealth of Nations 2018: Building a Sustainable Future covers national wealth for 141 countries over 20 years (1995–2014) as the sum of produced capital, 19 types of natural capital, net foreign assets, and human capital overall as well as by gender and type of employment. Great progress has been made in estimating wealth since the first volume, Where Is the Wealth of Nations Measuring Capital for the 21st Century, was published in 2006. New data substantially improve estimates of natural capital, and, for the first time, human capital is measured by using household surveys to estimate lifetime earnings. The Changing Wealth of Nations 2018 begins with a review of global and regional trends in wealth over the past two decades and provides examples of how wealth accounts can be used for the analysis of development patterns. Several chapters discuss the new work on human capital and its application in development policy. The book then tackles elements of natural capital that are not yet fully incorporated in the wealth accounts: air pollution, marine fisheries, and ecosystems. This book targets policy makers but will engage anyone committed to building a sustainable future for the planet.…
Seller Inventory # 9781464810466
- Title
- Changing Wealth of Nations 2018 : Building a Sustainable Future
- Author
- Kevin Carey
- Publisher
- World Bank Publications Feb 2018
- Publication year
- 2018
- Condition
- Neu
- Binding
- Taschenbuch
- Language
- English
- ISBN 10
- 146481046X
- ISBN 13
- 9781464810466
- Item weight
- 530 grams
- Dimensions
- 254x174x15 mm
National income is underpinned by a country's wealth--measured comprehensively to include all assets, produced capital, human capital, natural capital and net financial assets--and sustained economic growth over the long term requires investment in this broad portfolio of assets. While a macroeconomic indicator like GDP provides an important measure of economic progress, it does not reflect changes in the underlying asset base, and hence, used alone, may provide misleading signals about the state of the economy. GDP does not reflect depreciation and depletion of assets, whether accumulation of wealth keeps pace with population growth, or whether the mix of different assets will support a country's development goals. GDP indicates whether an economy is growing; Comprehensive Wealth indicates the prospects for maintaining economic growth over the long term. Economic performance is best evaluated by monitoring both. The Changing Wealth of Nations 2017 is the latest report on Comprehensive Wealth by the World Bank. It provides a time series from 1995 to 2014 for 140 countries, covering produced capital, 19 types of natural capital, net foreign assets, and, for the first time, an explicit measure of human capital, based on the well-known Jorgenson-Fraumeni lifetime earnings approach. Trends in wealth and sustainable development are assessed, and wealth accounts are used to address a range of important development topics such as economic diversification of resource rich economies, and the gains in national wealth that could be achieved by universal primary education.
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