Where is the Wealth of Nations?
Author | : |
Publisher | : World Bank Publications |
Total Pages | : 212 |
Release | : 2006 |
ISBN-10 | : 9780821363553 |
ISBN-13 | : 0821363557 |
Rating | : 4/5 (53 Downloads) |
Book excerpt: 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 g.