| Prompt type
|
Number
|
Question
|
Answers
|
Timestamped validation
|
| Analysis
|
1
|
What was the definition of sustainable development given by Brundtland Commission in 1987?
|
The Brundtland Commission defined ‘sustainable development’ as development that meets the needs of the present without compromising the ability of future generations to meet their own needs. The requirement is that, relative to their respective demographic bases, each generation should bequeath to its successor at least as large a productive base as it had inherited from its predecessor. [1]
|
|
| Analysis
|
2
|
Why is inclusive wealth important when judging economic performance?
|
Inclusive wealth is important when judging economic performance because it represents the social value of an economy’s produced capital, human capital, and natural capital. Gross domestic product (GDP) only accounts for market dollars and does not account for depreciation or degradation of assets like Nature; therefore GDP alone cannot accurately judge economic performance. [2]
|
|
| Analysis
|
3
|
How has Nature been used by recent decades to achieve what is celebrated as economic growth?
|
Recent decades have utilized eroding natural capital or Nature interchangeably in order to enjoy what is celebrated as economic growth; involving resources being taken from nature but with no return back into keeping up with assets' depreciations. [3]
|
|
| Analysis
|
4
|
How can maximisation of inclusive wealth help unify economic reasoning across all forms?
|
Maximisation of inclusive wealth helps unify economic reasoning across all forms by viewing economics more holistically which takes into consideration producing capital, human capabilities, and abundantly using Nature-related resources through a portfolio management approach instead of solely relying on GDP flow measures throughout time periods. [4]
|
|
| Analysis
|
5
|
What type of grammar does the Review on the Economics of Biodiversity develop in relation to sustainable development?
|
The Review on the Economics of Biodiversity develops a grammar related to sustainable development regarding taking from Nature, transforming these resources and returning them back, while understanding how the disruption caused by recent decades creates an imbalance, impacting current lives and future generations alike, due to reduction/depletion in the vital services provided by nature itself through the ecosystems. [5]
|
|
| Categorical
|
6
|
How can we evaluate economic performance adequately?
|
Nations need to adopt a system of economic accounts that records an inclusive measure of their wealth, including natural capital, in order to judge whether the path of economic development chosen is sustainable. [6]
|
|
| Categorical
|
7
|
Is GDP an accurate measure for appraising investment projects and identifying sustainable development?
|
No, GDP measures market dollars per year and does not include depreciation costs or other factors related to sustainability; it is only suitable for short-term macroeconomic analysis and management. [7]
|
|
| Categorical
|
8
|
How has the world economy been achieving what is celebrated as growth lately?
|
By eroding its natural capital or Nature, i.e., by disrupting its processes detrimentally for current and future generations. [8]
|
|
| Categorical
|
9
|
What approach should be taken when managing global assets socially?
|
The citizen investor should appraise the portfolio of global assets with an eye on its social worth, aiming towards maximisation of inclusive wealth through economic reasoning in all forms. [9]
|
|
| Categorical
|
10
|
How do recent decades factor into understanding sustainable development according to this report?
|
In recent decades there has been a disruption of Nature's processes due to degradation which can lead away from a concept of sustainable development unless changes are made soon. [10]
|
|
| Categorical
|
11
|
How does the Review on the Economics of Biodiversity suggest changing direction regarding management of nature's processes?
|
This report suggests constructing a grammar for understanding taking from nature, transforming what's taken from it and returning it back while keeping sustainability goals in mind. [11]
|
|
| Strategic
|
12
|
What is inclusive wealth?
|
Inclusive wealth is the social value of an economy's produced capital, human capital, and natural capital. [12]
|
|
| Strategic
|
13
|
How can nations judge whether their chosen path for economic development is sustainable?
|
Nations need to adopt a system of economic accounts that records an inclusive measure of their wealth, in order to judge whether their chosen path for economic development is sustainable. [13]
|
|
| Strategic
|
14
|
What type of assessment should citizen investors use when determining whether they are achieving sustainability goals?
|
Citizen investors should assess a portfolio of global assets with an eye on their social worth, as the maximisation of inclusive wealth unites economic reasoning in all its forms. [14]
|
|
| Strategic
|
15
|
How has recent decades usage impacted Nature processes with detriment towards our lives?
|
Recent decades have seen an increased erosion and disruption in Nature processes due to humans extracting from nature more than required, leading to negative impacts on both current and future generations' lives. [15]
|
|
| Strategic
|
16
|
When evaluating progress, what metrics better reflect long term performance than traditional metrics such as Gross Domestic Product (GDP)?
|
Metrics such as Inclusive Wealth better reflects long term performance than traditional metrics such as Gross Domestic Product (GDP). [16]
|
|
| Strategic
|
17
|
Why would maximising inclusive wealth benefit citizens economically?
|
Maximising Inclusive Wealth benefits citizens economically because it allows them to ensure they are leaving behind at least an equal amount of the productive base than was inherited form past generations while also taking into consideration various asset types within society, including Natural Capital which will impact future success rates & reduce the risk associated with the investing decisions that made today. [17]
|
|
| Strategic
|
18
|
What do we need to understand before making the changes needed achieve sustainability goals?
|
Before making the changes needed to achieve the sustainability goals, we need to understand how much we are taking from Nature, how this extraction affects us & our descendants now & in future, what methods to apply to put resources back into nature, so that balance is maintained while optimising long term outcomes for population(s). [18]
|
|