Coping with the Disappointing Rates of Return of Development Projects with Environmental Impacts
William Ascher
Jan 1992 · World Bank Publications
Ebook
23
Pages
Tools
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About this ebook
The fundamental political economy of early commitment to grandiose projects of uncertain environmental consequence has not been overturned. Projects with environmental impacts often have unacceptably low rates of return; governments and international agencies frequently fail to reject projects of this type. More realistic evaluations will help. It is important to hold those responsible for appraising a project accountable for their appraisals.
The fundamental political economy of early commitment to grandiose projects of uncertain environmental consequence has not been overturned. Projects with environmental impacts often have unacceptably low rates of return; governments and international agencies frequently fail to reject projects of...
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