By Michael A. Livermore, Richard L. Revesz
Cost-benefit research -- the formal estimating and weighing of the prices and merits of coverage possible choices -- is a regular device for governments in complicated economies. via many years of study and innovation, associations have built within the usa, ecu Union, and different constructed international locations that learn and weigh coverage choices as an reduction to governmental decisionmaking. Lawmakers within the complicated economies have used cost-benefit research to guage middle environmental and public health and wellbeing questions, equivalent to city pollution keep an eye on, water caliber, and occupational defense. but regardless of its huge adoption within the industrialized international, so much constructing and rising international locations haven't but integrated cost-benefit research into their policymaking procedure. simply because those international locations face major barriers on monetary assets and feature much less skill to shoulder inefficient ideas, this can be very very important for his or her officers to figure out which guidelines maximize web advantages for his or her societies.
The Globalization of Cost-Benefit research in Environmental Policy examines how cost-benefit research can assist constructing and rising nations confront the following new release of environmental and public-health demanding situations. research within the e-book examines the transforming into succeed in of cost-benefit research; offers proper case reports the place cost-benefit research has been integrated within the Americas, Africa, heart East, and Asia; and incorporates a dialogue at the conceptual and institutional concerns that has to be addressed whilst adopting cost-benefit research in constructing and rising nations. partly simply because governments in constructing and rising international locations haven't greatly used cost-benefit research, there was in simple terms constrained examine and dialogue of the perform and its power. such a lot paintings that has been performed is at the family or neighborhood point, and has now not been largely shared or dispensed in the foreign educational or coverage group. by means of supplying either theoretical and sensible dialogue of this significant new software, this booklet makes a worthwhile contribution to the fields of environmental coverage, improvement stories, and environmental legislation.
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Extra info for The Globalization of Cost-Benefit Analysis in Environmental Policy
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Mishan, E. , and Euston Quah. 2007. Cost-Benefit Analysis. New York: Routledge. Quah, Euston. 1993. Economics and Home Production. Singapore: Ashgate. Quah, Euston, and Khye Chong Tan. 1999. ” Impact Assessment and Project Appraisal 17 (4): 295–303. Quah, Euston, Edward Choi, and Khye Chong Tan. 2006. ” Applied Economics 38: 1501–1512. Quah, Euston, and Qiyan Ong. 2009. ” In World Cities: Achieving Liveability and Vibrancy, ed. Ooi Giok Ling and Belinda Yuen, 277–98. Singapore: World Scientific.
Finally, the chapter discusses how cost-benefit analysis fits into the political process, drawing on more recent experience in the United States to offer a set of general observations about how politics is likely to affect the future of cost-benefit analysis. Policymakers around the world face the task of making tough choices that can have significant impacts in their societies in the face of constraints on information and time. Cost-benefit analysis, properly reformed to take account of the circumstances of developing countries, can help in making these choices.
Unlike in developed nations, the majority of the workforce in developing nations is employed in agriculture. In India, for example, 52 percent of the labor force is employed in the agricultural sector (CIA 2010). This in itself will not necessarily distort a cost-benefit analysis. However, a significant portion of these agricultural workers are actually employed in name only and paid a token wage despite making no marginal contribution to the production process. This practice is not uncommon in developing nations, where farm owners routinely hire family members and pay them a token wage, even when there are clearly no additional gains to be made from their employment apart from familial goodwill.