Where Is the Wealth of Nations? : Measuring Capital for the 21st Century.
Title:
Where Is the Wealth of Nations? : Measuring Capital for the 21st Century.
Author:
Bank, World.
ISBN:
9780821363553
Personal Author:
Physical Description:
1 online resource (212 pages)
Contents:
TABLE OF CONTENTS -- Foreword -- Acknowledgments -- Acronyms and Abbreviations -- Looking for the Wealth of Nations-A Logical Map -- Executive Summary -- Part 1-Wealth Accounting -- Chapter 1. Introduction: The Millennium Capital Assessment -- Chapter 2. The Wealth Stock Estimates -- Part 2-Changes in Wealth -- Chapter 3. Recent Genuine Saving Estimates -- Chapter 4. The Importance of Investing Resource Rents: A Hartwick Rule Counterfactual -- Chapter 5. The Importance of Population Dynamics: Changes in Wealth per Capita -- Chapter 6. Testing Genuine Saving -- Part 3-Wealth, Production, and Development -- Chapter 7. Explaining the Intangible Capital Residual: The Role of Human Capital and Institutions -- Chapter 8. Wealth and Production -- Part 4-International Experience -- Chapter 9. Developing and Using Environmental Accounts -- Appendixes: Sources and Methods -- Appendix 1. Building the Wealth Estimates -- Appendix 2. Wealth Estimates by Country, 2000 -- Appendix 3. Genuine Saving Estimates by Country, 2000 -- Appendix 4. Change in Wealth per Capita, 2000 -- References -- Index.
Abstract:
The book presents estimates of total wealth for nearly 120 countries, using economic theory to decompose the wealth of a nation into its component pieces: produced capital, natural resources and human resources. The wealth estimates provide a unique opportunity to look at economic management from a broader and comprehensive perspective. The book's basic tenet is that economic development can be conceived as a process of portfolio management, so that sustainability becomes an integral part of economic policy making. The rigorous analysis, presented in accessible format, tackles issues such as growth, development and equity. Where is the Wealth of Nations? is organized in four sections. The first part introduces the wealth estimates and highlights the main facts on the level and composition of wealth across countries. The second part analyzes changes in wealth and how they matter for economic policy. The third part deals with the level of wealth, its composition and links to growth and inequality. The last part reviews existing applications of resource and environmental accounting.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Genre:
Electronic Access:
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