Countries urged to pursue "resource efficient" economic growth

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Rachel Kyte is World Bank Vice President for Sustainable Development

The World Bank is urging governments to build more "resource efficient" economies.

In a new report launched on Wednesday, the bank challenges policy makers to better measure how natural resources are being used.

Rachel Kyte is World Bank Vice President for Sustainable Development.

"There's no denying that our current economic system is enormously inefficient because we don't put a value on resources that are finite. We have today a looming crisis of food security, water security and energy security and in that context, we have to build economic systems that force us and encourage us to be more resource efficient."

The World Bank says promoting economic growth and improving social and environmental welfare are not mutually exclusive.

Duration:  24″

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