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Comprehensive Wealth in Canada 2018

29 Oct 2018

These legitimate concerns notwithstanding, it is fair to say that the well-being of the average Canadian is the envy of much of the world. [...] Comprehensive wealth goes beyond this to add: • The natural capital found in forests, lakes, minerals, land and the other elements of the natural environment • The human capital bound up in the skills and knowledge of the people that make up the workforce, and • The social capital resulting from civic engagement, trust and cooperation of the population. [...] Tracking the five elements of the comprehensive wealth “portfolio” is important because of the link between wealth and well-being. [...] The 2016 report represented one of the first efforts to measure comprehensive wealth in Canada and one of the first to measure comprehensive wealth for a single country using detailed national statistics.2 It discussed the concept of comprehensive wealth in detail and outlined why we believe indicators of comprehensive wealth are an essential complement to GDP and other short-term measures commonl [...] New readers might also benefit from reviewing the material in the annexes at the end of this report—in particular, Annex 6, which explains the methods used to estimate human capital and Annex 8 which explains the method used to construct the overall aggregate indicator of comprehensive wealth presented here (what we call the National Comprehensive Wealth Index).
environment economics sustainability economy water finance natural capital investment natural resources canada bonds debt economic growth financial capital household debt human capital investments prices social capital gdp financial capital (economics) economy of canada asset unsustainable
Pages
231
Published in
Winnipeg, MN, CA

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