What are the key research questions around Wealth? Who are the key institutional actors in a coalition that might give rise to acceptance of Wealth as an indicator? The panelists discuss the way forward for Wealth Accounting.
Program Manager, Global Partnership for Wealth Accounting and Valuation of Ecosystem Services (WAVES), World Bank
Wealth is a stock, not a flow. The country with the highest flow of GDP in a particular year is not necessarily the richest country. The richest country has the highest capital stock, whether endowed or accumulated. While this should in theory be obvious, it is often ignored. A focus on wealth, and changes in wealth, would lead to attention to investment in important assets – whether natural, produced, human, institutional or financial – and sharper attention to sustainability. In this discussion, the panelists consider wealth accounts and policy implications.