Wealth-based Assessment: Sustainability and Wealth

This lecture by the instructor covers the topic of wealth-based assessment for testing sustainability, focusing on weak and strong sustainability conditions, environmental footprint, planetary boundaries, and indicators systems. It also delves into wealth accounting by The World Bank, reasons for declining wealth, and the use of natural capital for development. The presentation explores how wealth accounting can be used to estimate a country's total wealth evolution over time, identify development features, and compare capital shares between countries. It concludes with insights on the convergence of wealth among nations and the main results regarding wealth evolution and sustainability testing.