In the previous two chapters, we learned that the economic wealth of a nation comprises three distinct assets: manufactured, or reproducible, capital, such as roads, buildings, machinery and factories; human capital, such as the skills, education and health embodied in the workforce; and natural capital, including land, forests, fossil fuels and minerals and ecosystems that provide valuable goods and services. However, the total or national wealth of an economy also includes the accumulation of sizable financial assets, such as monetary metals and currency, bank accounts, government bonds, corporate bonds and stocks, mutual funds, insurance policies, pension funds, trade credit, and foreign-owned assets (see Figure 1.1).
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- 10.R. J. Nicholls, et al. (2007) Ranking of the World’s Cities Most Exposed to Coastal Flooding Today and in the Future: Executive Summary. OECD Environment Working Paper No. 1. Paris: OECD.Google Scholar
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- and United Nations Development Programme (UNDP) (2008) Human Development Report 2007/2008. Fighting Climate Change: Human Solidarity in a Divided World. New York: UNDP.Google Scholar
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