1. 'Economic growth often accompanies a decline in a poor country's wealth'
- Author
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Dasgupta, Partha
- Subjects
- *
GROSS national product , *NATURAL resources , *WEALTH , *ECONOMIC development , *POVERTY , *ECONOMIC indicators , *ECONOMICS ,DEVELOPING countries - Abstract
Comments on the rise in the gross national product (GNP) of developing countries, arguing that these rises come at the expense of the average person's assets. Tendency among economists and statisticians to measure a country's economic progress by GDP alone; New measurement of wealth known as inclusive investment, which not only takes into account manufactured and human capital, but also natural capital, which includes oil and mineral resources, fisheries and forests, and ecosystems; Reasons why inclusive wealth is a better measure of a country's economy; Discussion of GNP and its shortcomings as a measure of wealth; Importance of natural assets to poorer countries; Finding that, in all but China, there has been a deacumulation in per capita inclusive wealth in the developing countries studied; Discussion of findings for Pakistan, Bangladesh, sub-Saharan Africa.
- Published
- 2003