The Changing Wealth of Nations 2021: Managing Assets for the Future

Wealth, including assets such as produced, human, and natural capital, is essential for national income and long-term growth. Changing Wealth of Nations 2020 emphasizes its role in sustainability and policy analysis, covering a broader range of assets and addressing issues like climate change.

Format: Paperback / softback
Length: 250 pages
Publication date: 28 February 2022
Publisher: World Bank Publications

Wealth, a multifaceted concept encompassing all assets produced, human, and natural, serves as the foundation of national income and long-term economic growth. To sustain this growth, it is imperative to invest in a diverse portfolio of assets, ensuring their preservation and enhancement over time.

In the groundbreaking report "Changing Wealth of Nations 2020," researchers have taken a significant step forward in understanding the role of wealth in shaping nations' sustainability and economic performance. By expanding the coverage and improving the quality of assets, particularly natural capital, the report provides a more comprehensive and accurate depiction of a country's wealth. This expansion is crucial as natural resources, such as forests, fisheries, and minerals, play a vital role in supporting economic activities and providing essential ecosystem services.

Moreover, the report demonstrates how wealth accounts can be applied in analytics to address critical policy concerns such as climate change and natural resource policy reform. By integrating wealth metrics into decision-making processes, policymakers can gain a deeper understanding of the trade-offs and synergies between different economic sectors and policies. This information can help inform evidence-based policy decisions that promote sustainable development, social equity, and economic prosperity.

The report's findings highlight the importance of considering the full range of assets when evaluating a country's wealth and sustainability. By recognizing the contributions of natural capital, policymakers can create policies that balance economic growth with environmental protection and conservation. This approach not only benefits the present generation but also ensures the long-term viability of our planet and its resources for future generations.

In conclusion, "Changing Wealth of Nations 2020" serves as a landmark report that advances our understanding of wealth as a measure of sustainability and its role in shaping national income and long-term growth. By expanding the coverage of assets and demonstrating their application in policy analysis, the report provides valuable insights for policymakers and stakeholders seeking to promote sustainable development and achieve a more equitable and prosperous future.

Weight: 333g
Dimension: 254 x 178 (mm)
ISBN-13: 9781464815904