This paper develops the new market-oriented economic policies for sustainable development of underdeveloped countries, which have been poor and reply on external assistance for decades. The case applies to Guyana because of its chronic deficit and deteriorated facilities in hydraulic systems. To...

This paper is about the feasibility of a gold mine in Papua New Guinea (PNG), with particular emphasis on fiscal issues involved in a mining project. The study begins by considering the market for gold and a description of the technical aspects of the Misima gold mine in PNG. The financial...

In this paper we report on an evaluation of the feasibility of a port improvement project at General Santos City in the Philippines. For an analysis of this project, which is an expansion of an existing facility, the financial and economic analyses are conducted with and without the project. To...

The Jamuna Bridge project is a case that illustrates an integrated approach to project appraisal. An integrated approach allows analysts to examine financial, economic, distributive, and risk analysis in conjunction with each other such that no single aspect is left to be examined in isolation....

In this paper, an analytical framework is developed to measure the economic opportunity cost of capital and foreign exchange. An application of the framework is carried out for the Philippines. The results indicate that the economic cost of capital is approximately10% real for the Philippines....

There has been a growing emphasis in many developing countries to adopt an exported growth policy that attempts to attract both domestic and foreign investment into activities that will increase exports. Many countries, however, have not achieved the desired response. Among other problems,...

The conventional treatment by the economic appraisal of investments has been to disregard the particular terms of foreign financing as a benefit or cost. This approach is being called into question as the private provision of public services has become dominated by foreign investors and...

In the integrated financial and economic analysis, there is a need to choose a numeraire in which all costs and benefits are expressed. The most common practice has been to express all costs and benefits in terms of domestic currency at a domestic price level. This is the natural rule to follow...

The goal of a proper project evaluation is to stop bad projects and to prevent good projects from being rejected. This book on Cost-Benefit Analysis for Investment Decisions is aimed at helping public officials and private analysts develop and evaluate investment projects to promote economic and...

The objective of this study is to identify the key risks facing each of the stakeholders in the export-focused paprika value chain in Zambia. Although a deterministic cost–benefit analysis indicated that this outgrower scheme would have a very satisfactory net present value (NPV), a Monte...