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The Changing Wealth of Nations : Measuring Sustainable Development in the New Millennium - World Bank

The Changing Wealth of Nations

Measuring Sustainable Development in the New Millennium

Paperback Published: 1st January 2011
ISBN: 9780821384886
Number Of Pages: 238

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"This volume makes a convincing case that, in economic development as in other human pursuits, you get what you measure. It presents the first-ever direct estimates of changes in comprehensive national wealth, which can help identify policies for achieving sustained improvements in human well-being. Though topical, with coverage of such issues as the contribution of human capital to China's explosive economic growth, greenhouse gas accounting, and the role of governance in avoiding a resource course, it will become more valuable with time as researchers explore the landmark data it has painstakingly compiled. "Jeffrey Vincent Clarence F. Korstian Professor of Forest Economics and Management Nicholas School, Division of Environmental Sciences and Policy Duke University

"The World Bank has conducted path-breaking research on wealth and sustainability. Its Where is the Wealth of Nation? Measuring Capital for the 21st Century was a revelation and an inspiration. Now they have extended and updated this work. If you are interested in national wealth, sustainability or even economic development in general, you MUST read this book." Geoffrey Heal Garrett Professor of Public Policy & Corporate Responsibility Columbia Business School Columbia University

Forewordp. xi
Acknowledgmentsp. xiii
Abbreviationsp. xiv
Changes in Wealth, 1995 to 2005p. 1
Introduction and Main Findings: The Changing Wealth of Nationsp. 3
How Does Wealth Change with Development?p. 5
Harnessing Natural Capital for Developmentp. 9
Extending and Deepening Wealth Accountsp. 11
The Agenda for Future Work on Natural Wealthp. 16
Summing Upp. 17
Annex: Missing Natural Capital and Ecosystem Servicesp. 21
Notesp. 24
Referencesp. 25
Wealth and Changes in Wealth, 1995-2005p. 27
Changing Global Wealthp. 27
Changing Composition of Wealthp. 29
Changing Wealth Per Capitap. 31
Wealth Creation in Developing Countriesp. 33
Savings and Changes in Wealthp. 37
Population Growth and the Adjusted Net Saving Gapp. 41
Conclusionsp. 42
Countries Excluded from the Analysis of Changes in Wealthp. 44
Per Capita Wealth, 1995 and 2005, and Changes in Per Capita Wealth and Population, 1995-2005, by Region and Income Groupp. 45
Notesp. 49
Referencep. 49
Changes in Natural Capital: Decomposing Price and Quantity Effectsp. 51
Decomposition: A Note on the Methodologyp. 52
Contribution of Land and Subsoil Assets to Changes in Wealthp. 53
Summing Up: Land Values and Subsoil Assetsp. 59
Decomposition Methodologyp. 61
Decomposition of Changes in Total Wealth by Income Group and Region, 1995-2005p. 63
Decomposition of Changes in Total Wealth in Selected Countries in the Middle East and North Africa and Sub-Saharan Africa, 1995-2005p. 67
Notesp. 71
Referencep. 71
A Deeper Look at Wealthp. 73
Wealth Accounting in the Greenhousep. 75
Climate Science and the Development Consensusp. 76
Some Economics of Climate Changep. 77
Estimated Values of Carbon Stocks and Flows in 2005p. 80
Discussion: Issues of Law and Equityp. 84
Summing Upp. 85
Annex: Sources and Technical Detailsp. 87
Notesp. 89
Referencesp. 89
Intangible Capital and Developmentp. 93
Theoretical Considerationsp. 94
Explaining Intangible Capitalp. 96
The Role of Intangible Capital in Developmentp. 99
Summing Upp. 102
Notesp. 103
Referencesp. 103
Human Capital and Economic Growth in Chinap. 105
Stocks of Human Capital in Chinap. 107
Human Capital by Rural-Urban Location and by Genderp. 109
Comparison with World Bank Estimates of Human Capitalp. 112
Summing Upp. 113
Methodology-Jorgenson-Fraumeni Lifetime Income Approachp. 114
Recasting the Data to be Consistent with World Bank Methodologyp. 116
Notesp. 117
Referencesp. 117
Linking Governance to Economic Consequences in Resource-Rich Economies: EITI and Wealth Accountingp. 119
Governance, Accountability, and Transparency along the Extractives Value Chainp. 121
EITI and Transparencyp. 123
EITI++: Extending Good Governance along the Value Chainp. 123
Wealth Accounts: Extending Transparency to Macroeconomic Performancep. 124
Summing Upp. 125
Notesp. 127
Referencesp. 127
Country Experiences with Wealth Accountingp. 129
Current Country Practicesp. 130
Mineral and Energy Accountsp. 133
Other Natural Capital Accountsp. 134
Balance Sheetsp. 136
Wealth Accounting in Recent Initiativesp. 136
Summing Upp. 137
Notesp. 138
Referencesp. 138
Appendixes
Building the Wealth Estimates: Methodologyp. 141
Total Wealth, Population, and Per Capita Wealth in 1995, 2000, and 2005p. 161
Wealth Estimates in 2005p. 173
Calculating Adjusted Net Saving as a Percentage of Gross National Income, 2008p. 185
Effect of Population Growth on Savings and Changes in Wealth Per Capita, 2005p. 197
Decomposition Analysis as a Percentage of Change in Total Wealth, by Economy, 1995-2005p. 203
Indexp. 213
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780821384886
ISBN-10: 0821384880
Series: Environment and Sustainable Development
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 238
Published: 1st January 2011
Country of Publication: US
Dimensions (cm): 22.78 x 15.27  x 1.32
Weight (kg): 0.38

Earn 182 Qantas Points
on this Book