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There are 5 entries on this topic this link is to the first one, you can find the links to the others on the right of the web page.If we were to cut down all our forests in Bhutan, GDP would mushroom, because GDP only counts the timber value of our forests once they are cut and sold at market. GDP takes no account at all of the resources we leave behind, and so it entirely ignores the value of our standing forests.
Yet, as we well know, and as our own Constitution wisely recognizes by vowing to keep most of our country under forest cover, our standing forests have immense value – protecting wildlife, biodiversity, watersheds, soils, and sacred places, sequestering carbon from the atmosphere, ameliorating the danger of landslides, and much more. Because those values are invisible in GDP, it’s no wonder the world has accumulated a massive ecological debt that appears in no country’s national accounts.
Keeping accounts this way, as the world presently does, is like a factory owner selling off all his machinery and seeds and counting it as profit, even though he’ll have nothing to produce next year. And yet that’s the way the world, and even we here in Bhutan, keep our national accounts! How absurd and foolish..….!