{"id":3078,"date":"2011-01-24T12:06:48","date_gmt":"2011-01-24T12:06:48","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication&p=3078"},"modified":"2024-08-19T14:22:45","modified_gmt":"2024-08-19T13:22:45","slug":"the-changing-wealth-of-nations-measuring-sustainable-development-in-the-new-millennium","status":"publish","type":"publication","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/the-changing-wealth-of-nations-measuring-sustainable-development-in-the-new-millennium\/","title":{"rendered":"The Changing Wealth of Nations: measuring sustainable development in the New Millennium"},"content":{"rendered":"\n

Abstract<\/h2>\n

Close to one third of the wealth of low-income countries comes from their “natural capital” which includes forests, protected areas, agricultural lands, energy and minerals, according to a new World Bank book launched on January 20, 2011. Countries that manage these natural assets carefully are able to move up the development ladder – investing more and more in manufactured capital, infrastructure and “intangible capital” like human skills and education, strong institutions, innovation and new technologies.<\/p>\n

In 2005, the total economic value of natural assets was $44 trillion worldwide, or $7,000 per person on average while “intangible” capital accounted for the greatest component of total wealth – worth a massive $540 trillion worldwide in 2005.<\/p>\n

The Changing Wealth of Nations<\/path><\/svg><\/a> – a follow-up publication to the 2006 book, Where is the Wealth of Nations? – extends the principles of wealth accounting to include dimensions that go beyond the standard Gross Domestic Product calculations undertaken by finance ministries. It presents, for the first time, a set of “wealth accounts” for over 150 countries for 1995, 2000, and 2005 which allows a longer-term assessment of global, regional and country performance in building wealth.<\/p>\n

Reference<\/h3>\n

World Bank (Gianni Ruta, co-author). January 2011. The Changing Wealth of Nations: measuring sustainable development in the New Millennium<\/em>. World Bank, Washington DC.<\/p>\n\n","protected":false},"excerpt":{"rendered":"\n

Abstract Close to one third of the wealth of low-income countries comes from their “natural capital” which includes forests, protected…<\/p>\n\n","protected":false},"author":43,"featured_media":0,"template":"","tags":[212,378,476],"publication-type":[436],"topic_area":[4692],"class_list":["post-3078","publication","type-publication","status-publish","hentry","tag-development","tag-natural-capital","tag-sustainable-growth","publication-type-research-articles","topic_area-adaptation-and-resilience"],"acf":{"downloads":{"ref_value":"field_52f16cc1a80f2","value":false,"type":"repeater","post_type":""},"profile_link":{"ref_value":"field_52f164b5189e9","value":["gianni-ruta"],"type":"relationship","post_type":"profile"},"article_link":{"ref_value":"field_52eee3c7f0586","value":"https:\/\/data.worldbank.org\/news\/the-changing-wealth-of-nations","type":false,"post_type":""},"article_link_title":{"ref_value":"field_5322399d89d42","value":"World Bank: The Changing Wealth of Nations","type":false,"post_type":""},"spotlight":{"ref_value":"field_52f80896506d3","value":"","type":false,"post_type":""},"exclude_from_sync":{"ref_value":"field_560538b0e7350","value":"0","type":false,"post_type":""},"rss_newsletter":{"ref_value":"field_54f5c2c1544d8","value":"","type":false,"post_type":""}},"yoast_head":"\nThe Changing Wealth of Nations: measuring sustainable development in the New Millennium - 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