NATIONAL WEALTH MANAGEMENT FOR SUSTAINABLE ECONOMIC GROWTH
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Abstract
The substantiations for the use of the indicator of national wealth, including produced, natural and human capital, as a tool for managing the sustainability of the economic growth of the state are given. Considering that at present the measurement of the National Wealth in the Republic of Belarus is limited to fixed assets, the approaches of the World Bank to assessing the National Wealth by countries of the world are considered. The amount and structure of the national wealth of the Republic of Belarus in the assessment of the World Bank based on data for 2018 is presented. A comparative analysis of the share of produced, natural and human capital in the Republic of Belarus, CIS countries, regions of the world and countries with different income levels is carried out. The approaches to the management of national wealth to ensure sustainable development are considered, allowing to diversify the portfolio of assets and ensure balanced investment in various assets to ensure greater sustainability of the state.
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References
Daly, H. (1991). Steady-State Economics. Washington: Island Press. (In Engl.).
Williams, C.C., Millington, A.C. (2004). The Diverse and Contested Meaning of Sustainable Development, The Geographical Journal. (2), 99–104. URL: https://www.researchgate.net/profile/Colin-Williams-4/publication/227689651_The_diverse_and_contested_meanings_of_sustainable/links/59e2f83d0f7e9b97fbeaa97e/The-diverse-and-contested-meanings-of-sustainable.pdf (In Engl.).