Nature’s Value in Qinghai Province The Essential Economics of Ecosystem Services
China is developing rapidly. Understanding the economic value of natural systems in areas like the Qinghai Province is essential to promote development and a high quality of life in both rural and urban communities. Many economic measures were developed when natural capital was abundant and built (man-made) capital was scarce. Today the goods and services of nature, like water, food, energy, flood protection and climate stability, are becoming scarce and more valuable. It is increasingly apparent that not only built capital, financial capital and labor are primary factors of production for economic development, but natural systems are as well. Until recently, land and natural systems were frequently excluded in economic analysis.
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