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The World Price System of Economic Analysis

In: Project Analysis in Developing Countries

Author

Listed:
  • Steve Curry

    (Asian Development Bank)

  • John Weiss

    (University of Bradford)

Abstract

Chapter 4 discussed the need to assess projects from a national point of view and introduced the use of different numeraire. However the concept of opportunity cost used in the economic analysis of projects is more complex than that discussion implied. Benefits created or forgone by the activities of projects can be defined only in terms of specific objectives, either of governments or of individuals. Most attention has been given to three main objectives: the efficient utilisation of the existing resources of the economy the growth of those resources over time greater equity in the distribution of consumption between different social classes and income groups.

Suggested Citation

  • Steve Curry & John Weiss, 2000. "The World Price System of Economic Analysis," Palgrave Macmillan Books, in: Project Analysis in Developing Countries, edition 0, chapter 5, pages 101-136, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37511-6_5
    DOI: 10.1057/9780230375116_5
    as

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