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Books > Earth & environment > The environment > Environmental economics
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The Globalization of Cost-Benefit Analysis in Environmental Policy (Hardcover)
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The Globalization of Cost-Benefit Analysis in Environmental Policy (Hardcover)
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Cost-benefit analysis - the formal estimating and weighing of the
costs and benefits of policy alternatives - is a standard tool for
governments in advanced economies. Through decades of research and
innovation, institutions have developed in the United States,
European Union, and other developed countries that examine and
weigh policy alternatives as an aid to governmental decisionmaking.
Lawmakers in the advanced economies have used cost-benefit analysis
to evaluate core environmental and public health questions, such as
urban air pollution control, water quality, and occupational
safety. Yet despite its broad adoption in the industrialized world,
most developing and emerging countries have not yet incorporated
cost-benefit analysis into their policymaking process. Because
these countries face significant limitations on financial resources
and have less ability to shoulder inefficient rules, it is
extremely important for their officials to determine which policies
maximize net benefits for their societies. Cost-Benefit Analysis,
Environmental Policy, and Emerging Economies examines how
cost-benefit analysis can help developing and emerging countries
confront the next generation of environmental and public-health
challenges. Analysis in the book examines the growing reach of
cost-benefit analysis; presents relevant case studies where
cost-benefit analysis has been incorporated in the Americas,
Africa, Middle East, and Asia; and includes a discussion on the
conceptual and institutional issues that must be addressed when
adopting cost-benefit analysis in developing and emerging
countries. In part because governments in developing and emerging
countries have not extensively used cost-benefit analysis, there
has been only limited research and discussion of the practice and
its potential. Most work that has been done is on the domestic or
regional level, and has not been widely shared or distributed
within the international academic or policy community. By providing
both theoretical and practical discussion of this important new
tool, this book makes a valuable contribution to the fields of
environmental policy, development studies, and environmental law.
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