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Project Appraisal and Planning for Developing Countries
This book, written for engineers, civil servants, and economics, deals with the economic rationale of social cost-benefit analysis in developing countries, and develops praticable procedures for evaluating investment projects. Many important issues in development economics are discued, such as government objectives, income distribution, employment an shaow wage rates, the balance of payments, the role of planning agencies, and the treatment of the private sector. But the chief purpose is to provide detailed procedures and shirt cuts that can be used by those who develop projects, prepare reports on them, or take decisions about them; and to explain the economic arguments for these procedures.
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