Global wealth grows but…

A report from the World Bank is indicating that global wealth has grown overall but the distribution of this wealth has become far more unequal.

The report, The Changing Wealth of Nations, tracks the wealth of 146 countres between 1995 and 2018 by measuring the economic value of renewable natural resources and non-renewable resources, human capital, produced capital, and net foreign assets. In this latest instalment, the report also accounted for blue natural (ocean) capital.

According to World Bank managing director for development policy and partnerships Mari Pangestu, “It is essential that renewable natural capital and human capital are given the same importance as more traditional sources

https://www.jamaicaobserver.com/business-report/global-wealth-grows-but-caribbean-countries-wealth-per-capital-declines_234896?profile=1056