The Globalization of Cost-Benefit Analysis in Environmental Policy

The Globalization of Cost-Benefit Analysis in Environmental Policy

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In recent years, economic development has brought a host of benefits to people around the globe: freedom from crushing poverty; educational and employment opportunity; and access to consumer goods once largely restricted to a handful of the most advanced economies. But development has downsides as well. The pollution and exploitation of natural resources that accompany industrialization are a harsh reminder that development also brings public health and ecological threats. Climate change is just one of many pressing issues that must be faced as economic growth spreads both prosperity and environmental risk. Balancing human demands for economic development and a clean environment has become an ever more pressing concern in every corner of the modern world. Formal cost-benefit analysis of environmental policy is typically associated with the United States, and to a lesser extent Europe, but there is a growing global movement to spread the practice. This edited volume examines how cost-benefit analysis can help developing and emerging countries confront the next generation of environmental and public health challenges. Case studies by practitioners working at the cutting edge of cost-benefit analysis in the Americas, Africa, Middle East, and Asia are accompanied by chapters from world-leading experts that examine conceptual and institutional issues. As cost-benefit analysis goes global, this book helps light the path toward productive use of this powerful tool.

Publication Date

2013

The Globalization of Cost-Benefit Analysis in Environmental Policy

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