Measuring environmentally sustainable development
April 29, 2008 by AROMAKE AFIEGBE | Filed under: 1-Environmental Valuation and Accounting, General, Literature Review
Measuring environmentally sustainable development
Gross National Product, while a tool for measurement of a countries well being does not always appropriately capture the full picture specifically to include inequality and poverty, true measure of human resource, environmental impact of various activities and the spiritual, social, political aspects of welfare. Many of these aspects cannot be measured in any quantitative sense, of course, which may tend to diminish their importance in the minds of policymakers. This literature looks at the efforts to define gross national product as a measure of development while appropriately taking into account and possibly integrating social and environmental concerns into the core accounts. Although not a requirement for countries, it is suggested that they prepare satellite accounts, comprising both physical and monetary units, consistent with the core accounts. “Green” accounting can offer policymakers insights into the long-term productive capacity of a nation through the investment and capital accounts.
Steer, Andrew, Lutz, Ernst. “Measuring environmentally sustainable development. ” Finance & Development 1 Dec. 1993: 20. ABI/INFORM Global. ProQuest. RIT Lib., Rochester, NY.. 29 Apr. 2008 <http://www.proquest.com/>
