A research group led by Professor Shunsuke Managi of the Graduate School of Engineering, Kyushu University, and the Urban Research Center will measure and comprehensively evaluate all national assets such as infrastructure, health, education, and nature that cannot be measured by conventional total national production. The National Wealth Index was published in the UN report "Inclusive Wealth Report 2018 (IWR)".

 According to Kyushu University, the new national wealth index is artificial capital such as infrastructure, educational capital that represents the value created by educated people, health capital that represents the value created by healthy people, and the value traded in the market such as oil and timber. Total natural capital with added value that is difficult to see, such as the cultivation of water sources by forests.It will be adjusted and released based on the capital gain (profit from the rise in asset value) obtained from the damage caused by climate change and the rise in crude oil prices, and the total factor productivity that reflects technological progress.

 As a result, we found that artificial capital accounted for 21% of the world's wealth, while education capital accounted for 33%, health capital 26%, and natural capital 20%.

 The United Nations has been conducting comprehensive wealth research since 2012 to assess wealth and economic sustainability.It was an attempt to measure and comprehensively evaluate the values ​​of health and nature that cannot be measured by Gross National Product, but it was not known what to measure and how to proceed with the evaluation.

 The research group says that the New National Wealth Index will be an important factor in achieving the United Nations Sustainable Development Goals (SDGs) by 2030, and can be used as useful information when formulating development policies.The results of this research will be reported at the World Social Science Forum 2018 special session scheduled for September 9, 26.

Paper information:[Routledge] Inclusive Wealth Report 2018 Measuring Progress Towards Sustainability

Kyushu University

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Kyushu University is a comprehensive university with 12 faculties and 19 graduate schools.We have been designated as a "designated national university corporation" that can develop outstanding education and research activities of the world's highest level and become an international base.Through “comprehensive knowledge” that combines the “knowledge” of the humanities and social sciences, natural sciences, and design that we have accumulated so far […]

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