Economic production indicators such as gross domestic product (GDP) and the Human Development Index (HDI) fail to reflect the state of natural resources or ecological conditions and both focus exclusively on the short term. The Inclusive Wealth Report 2014 is the second book in an important biennial series that provides a new framework for measuring the inclusive wealth of nations. It provides an overview of how the capital asset components of inclusive wealth evolved between 1990 and 2010, and analyses the meaning of these trends for sustainability. While the asset base studied is largely unchanged from the 2012 report, the country sample has been expanded from 20 to 140 nations and the focus has shifted from natural to human capital. This report offers a wealth of information for researchers and policy-makers, identifying key gaps in data and knowledge, and suggesting specific needs for future research.
Foreword Partha Dasgupta; Foreword Anantha Duraiappah; Acknowledgements; Abbreviations; Executive summary; Introduction; Part I. What Does the Data Say?: 1. Accounting for the inclusive wealth of nations: key findings of the IWR 2014 Pablo Munoz, Kira Petters, Shunsuke Managi and Elorm Darkey; 2. The IWR and policy lessons Anantha Kumar Duraiappah, Cecilia Fernandes, Pushpam Kumar and Rodney Smith; Part II. Human Capital: 3. Human capital measurement: a bird's eye view Gang Liu and Barbara M. Fraumeni; 4. Human capital: country estimates using alternative approaches Barbara M. Fraumeni and Gang Liu; 5. Health capital Kenneth J. Arrow, Partha Dasgupta and Kevin J. Mumford; Part III. New Insights: 6. Forest wealth of nations Haripriya Gundimeda and Giles Atkinson; 7. Challenges to ecosystem service valuation for wealth accounting Edward B. Barbier; 8. Using inclusive wealth for policy evaluation: the case of infrastructure capital Ross D. Collins, Vivek Sakhrani, Noelle E. Selin, Adnan Alsaati and Kenneth M. Strzepek; Annex 1. Conceptual framework; Annex 2. Methodology; Annex 3. Data; Glossary of terms; Contributing organizations.