Maintaining Five Kinds of Capital Essential for Sustainable Economic Development
The article discusses five types of capital - financial, natural, produced, human, and social - that are essential for sustainable development. These capitals are stocks that can produce valuable outputs. Financial capital helps with economic production, while natural capital includes resources from the environment. Produced capital consists of physical assets, human capital refers to individual skills, and social capital involves trust and shared knowledge. Information technologies can help save resources and all capital stocks must be maintained for sustainable development.