And you hear the words scarce resources a lot when people talk about economics.

Japan is poor in natural resources.

Where do they get their water? Where do they get their shelter?

That was one of those turning points where I said, wow what am I doing here?

Japan is not abundant in natural resources.

And economics is very interested in scarcity.

Resources.

That assets, A for assets, is equal to

Natural resources are not abundant in Japan.

I think the first point to make is that we need to recognize natural capital.

And if you look at the species level, you saw about fish.

Growth of use will consume any energy or resources saved through conservation.

like sustainable development targets, natural resource governance targets, access to opportunity, to knowledge, equity, fighting corruption.

(Applause)

Japan is not rich in natural resources.

But we'll do a whole playlist on that.

In order to restore the bond, we need to utilize regional resources.

An analogue would be the growth of bacteria in a petri dish.

They are the happiest place.

So I asked the Minister over dinner,

It should start to make a little bit of intuitive sense

And then on the equity side, because we have no liability, so in this case assets will be equal to equity.

liabilities plus equity.

And it can be done.

It's your resource it's not somebody else's.

Well, because there's a lot at stake.

And what is required is a combination of physical capital, institutional capital, human capital and security, of course, is critical, but so is information.

In a world without leverage so if I didn't have all this

So this is just another visual representation that

less capital intensive that there's less money that's required

It doesn't sound like we borrowed money or anything.

That country has natural resources.

China is rich in natural resources.

Now let's go up to the Arctic Circle.

But we need to think broad scale. We need to think globally.

It was the government that made law function finally.

We have to look at the education of humans.

It has no vegetation.

It takes too much energy. It will cost too much.

I have unauthorized allocation

We're looking at building on some of the most precious resources of Africa people.

But let's say its assets are worth 1 million.

Then there is the whole northern India, which is going to be the bulk of the future demographic dividend.

I'll do that in yellow.

And he described the diversity within crops all the different kinds of wheat and rice and such as a genetic resource.