This is an intentional strategy for building bridges across disciplines by demonstrating how the comprehensive wealth approach provides a useful, indeed essential, lens for viewing a broad set of development concerns— the sustainability of development.
Measuring national wealth and changes in wealth is part of an ongoing effort by the World Bank to monitor the long-term economic well-being of nations. The Changing Wealth of Nations 2018 builds on two previous World Bank reports—Where Is the Wealth of Nations? Measuring Capital
This book covers a much longer period (1995–2014) with better data and country coverage than previous reports. The focus of the book is on natural capital and human capital since information for produced capital and net foreign assets has been well established by other institutions. For the first time, explicit estimates of human capital, which is the largest component of global wealth, are provided.
Sustainability into the 21st century will depend not only on produced capital, but also on investments in human capital, the strength of our institutions and governance, and the integrity of our natural capital. This new volume sets the stage for addressing these issues in an integrated manner. This executive summary presents some of the main findings.