Including the value of natural resources and our social…
“Including the value of natural resources and our social capital in national accounting is a vital step to achieve economic growth that is equitable and sustainable.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Including natural resources and social capital in GDP creates a fuller picture of wealth and promotes fair, lasting growth.
In simple terms: Add environment and society to economic measures.
Key Takeaway
Adopt inclusive accounting.
Themes
economics
sustainability
policy
equity
Mood
thoughtful
inquisitive
Type
policy
economic
When to use this quote
- government budgeting
- corporate reporting
- development planning
Key Concepts
gross domestic product
national accounts
resource valuation
social metrics
Questions to Reflect On
- What metrics best capture social capital?
- How can we standardize natural resource accounting?
A Different Perspective
Complex to measure accurately; may face political resistance.