Measurement of “inclusive bet365 best casino games” awaits consensus
September 24, 2024 16:53 Source: "Chinese bet365 best casino games" Issue 2982, September 24, 2024 Author: Liu Yuwei

A trend of “beyond GDP” is emerging around the world,Many scholars advocate the adoption of new evaluation standards to measure global economic achievements in the 21st century。Among many alternative indicators,“Inclusive bet365 best casino games” is considered to be one of the effective indicators to measure the sustainability of economic development。Recently,Eoin McLaughlin, professor of economics at Heriot-Watt University in the United Kingdom, and others posted an article on the "Dialogue" website,The jury is still out on how to accurately measure inclusive bet365 best casino games。Different international organizations use different methods,Resulting in significant data differences,Hindering the world's major economies from putting this indicator into practical use。

McLaughlin said,Inclusive bet365 best casino games indicator’s impact on a country’s creation、Evaluate and price various types of capital that can bring welfare,And track the changes in these capitals。The capital it covers mainly includes: human capital,That is, the knowledge and skills people possess;Produced capital,That is, goods and services created by human activities;Natural Capital,That is what is given by nature、All resources that bring well-being to mankind now and in the future;Social capital,That is, the social network formed within society。Theoretically,If inclusive bet365 best casino games per capita is increasing,Then the future well-being of the population as a whole will also be improved,This is also a key prerequisite for the country to achieve sustainable development。

At the theoretical level,Inclusive bet365 best casino games indicators include the book "Human Well-Being and the Natural Environment" by Partha Dasgupta, emeritus professor of economics at the University of Cambridge, UK, and the late Martin Weitzman, professor of economics at Harvard University, USA, in his book "Income、bet365 best casino games and the Maximum Principle》(Income, bet365 best casino games, and the Maximum Principle) and other documents as support。At a practical level,The World Bank and United Nations Environment Program have measured inclusive bet365 best casino games for many years。World Bank in the 2005 report "Where is the bet365 best casino games of nations: measuring capital for the 21st century" (Where is the bet365 best casino games of nations: measuring capital for the 21st century),First global estimate of inclusive bet365 best casino games released。Afterwards,The World Bank released three important updated reports,with significant revisions to the methods。The United Nations Environment Program began measuring inclusive bet365 best casino games in 2012。

Before major economies formally adopt an inclusive bet365 best casino games indicator system,Some details still need to be resolved。McLaughlin et al. compared the calculation methods of the World Bank and the United Nations Environment Program,Reveals the differences between the two organizations in measuring countries’ inclusive bet365 best casino games,Especially in the assessment of natural capital。Although both organizations use similar data sets,such as fossil fuels、Non-renewable resources such as minerals,And renewable resources such as fisheries and forest resources,But taking a different approach to resource valuation。The World Bank measures the value of natural resources by calculating the present value of future benefits,This involves discounting future expected benefits (that is, converting future values ​​into current values ​​at a certain discount rate) to determine the current value of these resources。In comparison,The United Nations Environment Program uses fixed accounting prices,These prices are called “shadow prices”,They are based on current market prices。The World Bank’s approach focuses on the current value of potential future benefits,While the UNEP approach focuses on estimating the current value of a resource using current market prices。

Differences in methods lead to different interpretations of natural capital development trends by the two organizations,And put forward different views on the sustainability of the current development models of various countries。Take Qatar as an example,Data from the United Nations Environment Program,Qatar performs poorly in terms of inclusive bet365 best casino games growth per capita,Therefore its development model is unsustainable。The World Bank’s measurement results show,Qatar’s inclusive bet365 best casino games per capita is actually growing。McLaughlin et al also found,There are also contradictory data on inclusive bet365 best casino games in other countries。World Bank data display,Inclusive bet365 best casino games per capita is declining in 20 countries,The United Nations Environment Program believes that 45 countries are in decline,And there is almost no overlap between the two lists。If according to the standards of the United Nations Environment Program,34 countries classified by the World Bank as experiencing growth in inclusive bet365 best casino games per capita,Should be in declining state。McLaughlin et al.,Inconsistencies between inclusive bet365 best casino games data derived from different methods,Leading to confusion in assessing the sustainable development status of various countries,This hinders the countries involved in formulating effective policies to promote truly sustainable development。

McLaughlin et al,To increase the credibility and recognition of inclusive bet365 best casino games indicators,There is an urgent need to unify evaluation standards。The World Bank and the United Nations Environment Program have different approaches,But the key question is,The international community should strive to reach a common consensus on methods,Instead of debating which method is better。If the problem of measuring inclusive bet365 best casino games cannot be solved,Countries may not pay enough attention to this concept,Subsequently causing the slowdown in the sustainable development of the global economy。

(Liu Yuwei/Compiled)

Editor: Cui Bohan
二维码图标2.jpg
Highly recommended
Latest article
bet365 best casino games

Friendly links:

Website registration number: Beijing Public Network Security bet365 best casino games. 11010502030146 Ministry of Industry and Information Technology:

All rights reserved by China bet365 best casino games Magazine. No reproduction or use without permission is allowed

Chief editor’s email: zzszbj@126.com Contact information of bet365 best casino games website: 010-85886809 Address: Floor 11-12, Building 1, No. 15 Guanghua Road, Chaoyang District, Beijing Postal Code: 100026