Hamilton, KirkLey, Eduardo2012-08-132012-08-132010-08https://hdl.handle.net/10986/11081In the decade leading to the recent commodity boom, which peaked in 2007-08, several resource-rich, low-income countries displayed high rates of gross domestic product (GDP) growth while social indicators did not improve significantly. It is well known that, in itself, the widely tracked GDP may not be the most relevant summary of aggregate economic performance in all places at all times. This note suggests that for countries with significant exhaustible natural resources and important foreign-investor presence, adjusted net national income (aNNI), can usefully complement GDP to assess economic progress.CC BY 3.0 IGOACCOUNTINGAGRICULTURAL LANDAGRICULTUREASSETSAVERAGE GROWTH RATESBANK STAFFCAPITAL ACCUMULATIONCAPITAL INVESTMENTSCAPITAL STOCKCASH FLOWCOMMODITYCONSUMPTION EXPENDITUREDAMAGESDEBTDEPRECIATION OF ASSETSDEVELOPING COUNTRIESDEVELOPMENT ECONOMICSDOMESTIC PRODUCTECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC PERFORMANCEECONOMIC PROGRESSECONOMICS RESEARCHEMPLOYMENTENVIRONMENTAL DEGRADATIONFINANCIAL ASSETSFISCAL POLICIESFISCAL POLICYFIXED CAPITALFOREIGN ASSETSFOREIGN INVESTMENTFOREIGN SAVINGSGDPGROSS NATIONAL SAVINGSGROWTH RATESHUMAN CAPITALINCOME LEVELSINCOMESINTANGIBLEINVESTMENT MANAGEMENTLOW-INCOME COUNTRIESMACROECONOMIC POLICIESMIDDLE-INCOME COUNTRIESMISMANAGEMENTNATIONAL INCOMENATURAL CAPITALNATURAL RESOURCENATURAL RESOURCESNET FOREIGN ASSETSNET SAVINGSOPERATING EXPENDITURESPER CAPITA INCOMEPOLLUTIONPRODUCTIVITYPUBLIC INVESTMENTPUBLIC INVESTMENT PROGRAMSREAL GDPRENTSSAVINGSSAVINGS RATESSOCIAL WELFARESUSTAINABLE DEVELOPMENTSUSTAINABLE GROWTHTAXATIONTECHNOLOGICAL CHANGEVIRTUOUS CYCLEVOLATILITYWAGESWEALTHWEALTH CREATIONWORLD DEVELOPMENT INDICATORSWorld Bank10.1596/11081