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The Globalization of Cost-Benefit Analysis in Environmental Policy$
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Michael A. Livermore and Richard L. Revesz

Print publication date: 2013

Print ISBN-13: 9780199934386

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199934386.001.0001

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Global Cost-Benefit Analysis

Global Cost-Benefit Analysis

(p.3) 1 Global Cost-Benefit Analysis
The Globalization of Cost-Benefit Analysis in Environmental Policy

Michael A. Livermore

A. J. Glusman

Gonzalo Moyano

Oxford University Press

While cost-benefit analysis is not as prevalent in developing and emerging countries, the use of cost-benefit analysis as an aid to environmental decision-making has expanded in recent years in countries throughout Latin America, Asia, and Africa. In the context of developing and emerging economies, cost-benefit analysis has special potential to add quality, transparency, and efficiency to environmental, public health, and safety regulation. While there are important differences between regulating in a large, advanced economy and a small, rising economy, appropriate use of cost-benefit analysis can help improve government decision-making in a range of different circumstances around the world. Growing environmental and public health threats from industrialization have increased demand for stronger environmental policies around the globe, bringing the need for a systematic tool to compare costs to benefits.

Keywords:   Cost-benefit analysis, developing countries, emerging economies, industrialization, public health, regulation

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