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Cost of growth: Global natural resources depleting by 45% a year

Cost of growth: Global natural resources depleting by 45% a year

by The Daily Eye Team June 23 2014, 7:25 am Estimated Reading Time: 0 mins, 54 secs

Analysis of data by World Bank from 136 countries shows poor countries are losing natural resources fast without gaining much by way of human resource capital or gross wealth A new report released by the World Bank throws light on how the present GDP-based growth model is leading to fast depletion of natural wealth and resources. The data shows that poor countries are not producing quality human resource capital and that they do not even have gross savings to compensate for their fast depreciating wealth.

The report—The Little Green Data Book 2014—is based on World Development Indicators 2014 and its online database, which is an annual feature of the World Bank. The data book, released earlier this month, analyses wealth depletion of 136 countries. In debt of future generation The report is based on how much wealth a country accumulates for its future or next generation. Wealth broadly signifies natural resources, produced capital, and human and social capital. It is this wealth which generates national income. Natural resources here include forests, minerals, energy, agricultural land and protected areas.

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