Methodology to determine the national value of forest ecosystem services and an experimental ecosystems accounts mechanism for forests developed (led by UNEP). (unredd.net)
Michael's post seems to have three suppositions: Chinese companies price capital incorrectly; Chinese companies invest in value destroying projects; There is no correcting accounting mechanism in China for these projects as exist in other countries, thusly Chinese GDP inflates «real» growth and debt servicing ability. (carnegieendowment.org)
The inexorable balance of payments accounting mechanisms make Bernstein's claim — that «Americans alone do not determine their rates of savings «-- both necessarily true and joltingly shocking to most economists. (carnegieendowment.org)