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Accounting for environmental resources in Tanzania: A theoretical review
(IARIW-TNBS, 2022) Bilame, Odass
This paper has gone a long way to shedding light on how Tanzania accounts for environmental/natural resources destruction in the calculation of the national income or GDP with a view to avoiding an ecological/biodiversity bankruptcy and in so doing attaining greener economic growth. Green growth is nothing more than growth that improves the welfare of both current and future generations and that acknowledges the social costs and benefits of growth and its distributional implications in both the short and the long run. To say the least, Tanzania has not been taking into account environmental/natural resource destruction in the calculation of the national income. Economic growth that has been sustained by Tanzania has not been green growth, since it has been attained at the expense of environment/natural resources destruction, for which, no deductions of the cost to the environmental resources have not been made. Failure to account properly for the natural resource destruction that occurs in the process of national income generation makes the GNP unrealistic. Under such a scenario where omissions of environmental destruction in the calculation of the national income make the country an ecological bankrupt, even if its GDP may be rising is unrealistic