Saturday, 04 December 2021 10:42 GMT

Worldwide prosperity to be improved at expense of upcoming wealth


(MENAFN) According to the World Bank, worldwide prosperity completely developed at the expenditure of upcoming wealth and deteriorating variations.

The World Bank Changing Wealth of Nation article added “Wealth and GDP are companions,” “However, on their own they are not sufficient for ensuring sustainability and human well-being, because they omit additional considerations of critical natural capital and social capital, among others.”

The report as well showed "Although per capita wealth may be similar for countries, the well-being of citizens may be quite different because of factors such as institutions, governance, culture, and social capital that influence but cannot be directly incorporated into monetary values."


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