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Accounting for natural wealth gains world traction

Proponents of so-called "green accounting" - gathered in Rio de Janeiro this week for the Rio Earth Summit - hope that putting dollar values on resources will slam the brakes on unfettered development. A mentality of growth at any cost is already blamed for disasters like the chronic floods that hit deforested Haiti or the raging sand storms that have swept regions of China, worsening desertification.

 

Brazil growth 'to slow sharply'

Brazil's central bank lowers its forecast for economic growth to less than half of last year's, partly blaming the slowing global economy.

 

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