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. For those who finds interest in reading about wealthy nations and their committed approach towards achieving this status, the book will provide an ideal opportunity to do so.Those
management aspirants can get 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.
It 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.