National wealth, natural capital and sustainable development in Namibia
A country's income and economic well-being depend on its wealth, where wealth is defined in the broadest sense to include produced, natural, human and social capital. There has been growing concern that economic growth, especially in resource-rich developing countries, has been achieved by liquidation of natural capital without adequate provision for replacement of these assets for future generations. Using the newly available accounts for Namibia's natural capital, national wealth accounts are constructed and used to assess its economic development.
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Research Discussion Paper 56_2003.pdf | 451.83 KB |