"Written by a team including Kirk Hamilton [and others]"--Page viii. Extends and expands the work done in Expanding the measure of wealth (World Bank, 1997) to provide a comprehensive snapshot of wealth for 120 countries at the turn of the millennium. Includes bibliographical references (pages 173-180) and index.

The Millennium capital assessment -- The wealth stock estimates -- Recent genuine saving estimates -- The importance of investing resource rents: a Hartwick Rule counterfactual -- The importance of population dynamics: changes in wealth per capita -- Testing genuine saving -- Explaining the intangible capital residual: the role of human capital and institutions -- Wealth and production -- Developing and using environmental accounts. "This book describes estimates of wealth and its components for nearly 120 countries. It regards economic policy as a process of portfolio management in which the assets are produced capital, natural resources, and human resources. In this framework, sustainability is an integral part of economic policy making. The rigorous analysis, presented in accessible format, identifies the conditions for sustainable growth and development, providing a useful yardstick for policymakers."--Jacket.