Book contents
- Reviews
- Corporate Responsibility for Wealth Creation and Human Rights
- Corporate Responsibility for Wealth Creation and Human Rights
- Copyright page
- Dedication
- Contents
- Figures, Tables and Boxes
- Preface
- Acknowledgments
- 1 Introduction and Overview
- 2 The Context of Globalization, Sustainability and Financialization
- Part I Wealth Creation
- 3 Semantics and the Wealth of Nations
- 4 Wealth Includes Natural, Economic, Human and Social Capital
- 5 Wealth Is a Combination of Private and Public Wealth
- 6 Wealth Creation Is about Producing and Distributing Wealth
- 7 Creating Wealth Involves Material and Spiritual Aspects
- 8 Creating Sustainable Wealth in Terms of Human Capabilities
- 9 Creating Means Making Something New and Better
- 10 Wealth Creation Needs Self-Regarding and Other-Regarding Motivations
- Part II Human Rights as Public Goods in Wealth Creation
- Part III Implications of Wealth Creation and Human Rights for Corporate Responsibility
- Bibliography
- Index of Names
- Index of Subjects
3 - Semantics and the Wealth of Nations
from Part I - Wealth Creation
Published online by Cambridge University Press: 11 January 2021
- Reviews
- Corporate Responsibility for Wealth Creation and Human Rights
- Corporate Responsibility for Wealth Creation and Human Rights
- Copyright page
- Dedication
- Contents
- Figures, Tables and Boxes
- Preface
- Acknowledgments
- 1 Introduction and Overview
- 2 The Context of Globalization, Sustainability and Financialization
- Part I Wealth Creation
- 3 Semantics and the Wealth of Nations
- 4 Wealth Includes Natural, Economic, Human and Social Capital
- 5 Wealth Is a Combination of Private and Public Wealth
- 6 Wealth Creation Is about Producing and Distributing Wealth
- 7 Creating Wealth Involves Material and Spiritual Aspects
- 8 Creating Sustainable Wealth in Terms of Human Capabilities
- 9 Creating Means Making Something New and Better
- 10 Wealth Creation Needs Self-Regarding and Other-Regarding Motivations
- Part II Human Rights as Public Goods in Wealth Creation
- Part III Implications of Wealth Creation and Human Rights for Corporate Responsibility
- Bibliography
- Index of Names
- Index of Subjects
Summary
After a brief semantic exploration of the term wealth, the chapter raises the question of what makes a country rich or wealthy. Several international studies define the wealth of a nation in stocks (like a balance sheet), which includes physical, natural, human and social capital. These measures in stocks are central to measuring sustainability (see OECD conceptual framework of well-being in Chapter 4). The chapter presents and discusses the conceptualizations proposed by the Stiglitz-Sen-Fitoussi Report (2009), three World Bank publications on the wealth of nations (2006, 2011, 2018) and the Human Development Report 2010 on people as the real wealth of nations. This discussion prepares the ground for elaborating the substantive contents of natural, economic, human and social capital in the following chapter.
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- Publisher: Cambridge University PressPrint publication year: 2021