Where is the Wealth of Nations? Measuring Capital for the 21st Century

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 aims to provide...

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Bibliographic Details
Main Author:	World Bank
Format:	Publication
Language:	English en_US
Published:	Washington, DC 2012
Subjects:	AGRICULTURE ASSETS BALANCED GROWTH CAPITAL VARIABLE CARBON CARBON DIOXIDE CARBON DIOXIDE EMISSIONS CLASSICAL ECONOMISTS CONSTANT ELASTICITY DAMAGES DEVELOPING COUNTRIES DEVELOPMENT OUTCOMES DEVELOPMENT POLICY DEVELOPMENT STRATEGIES ECONOMIC ACTIVITY ECONOMIC ANALYSIS ECONOMIC DEVELOPMENT ECONOMIC GOODS ECONOMIC POLICY ECONOMIC THEORY ELASTICITY ELASTICITY OF SUBSTITUTION EMPIRICAL RELATIONSHIP ENVIRONMENTAL ENVIRONMENTAL ACCOUNTING ENVIRONMENTAL ACCOUNTS ENVIRONMENTAL PROTECTION ENVIRONMENTAL RESOURCES EQUILIBRIUM EXCHANGE RATES EXPENDITURES EXPLOITATION FISCAL POLICY FISH FISHERIES FOREIGN EXCHANGE GDP GROSS DOMESTIC PRODUCT HISTORICAL DATA HUMAN CAPITAL INCOME INCOME GROUPS INCOME LEVELS INPUT-OUTPUT INTANGIBLE ASSETS INVENTORY LABOR FORCE LABOR PRODUCTIVITY LAND RESOURCES MACROECONOMIC POLICIES MINES NAMEA NATIONAL ACCOUNTING NATIONAL ACCOUNTS NATIONAL INCOME NATURAL CAPITAL NATURAL RESOURCES NDP NET DOMESTIC PRODUCT NPV OIL OIL EXPORTER POLICY IMPLICATIONS POLICY INSTRUMENTS POLICY INTERVENTIONS POLICY MAKERS POLITICAL ECONOMY POLLUTION POOR COUNTRIES POOR HOUSEHOLDS POOR PEOPLE POPULATION DYNAMICS POPULATION GROWTH POPULATION GROWTH RATES PORTFOLIO PORTFOLIO MANAGEMENT POVERTY REDUCTION PRESENT VALUE PRODUCTION FUNCTION PRODUCTIVITY PROPERTY RIGHTS PURCHASING POWER RATE OF RETURN REDUCING POVERTY REGRESSION ANALYSIS RELATIVE IMPORTANCE REMITTANCES RENTS RETURN ON INVESTMENT SOCIAL CAPITAL STATEMENT STREAMS SUB-SAHARAN AFRICA SUSTAINABLE CONSUMPTION SUSTAINABLE DEVELOPMENT SUSTAINABLE MANAGEMENT TECHNOLOGICAL CHANGE TIMBER TOTAL ECONOMIC VALUE TRINIDAD AND TOBAGO WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2005/12/6623427/wealth-nations-measuring-capital-21st-century http://hdl.handle.net/10986/7505

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Summary:	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 aims to 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. This publication 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 fourth part reviews existing applications of resource and environmental accounting.

Where is the Wealth of Nations? Measuring Capital for the 21st Century

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