Investment projects are an important mechanism for economic development. However, their costs and benefits must be assessed to ensure that the resources committed are being used as productively as possible. This book explains the techniques available to assess the economic impact of projects in developing countries. It draws on the authors' experience in teaching and applying these techniques and combines relevant economic theory with a clear understanding of what can be done in practice. The book aims to make existing techniques readily accessible to both students and practitioners. The second edition has been rewritten with new project examples and the addition of two new chapters in finance and the environment.

About the Author

STEPHEN CURRY is a Senior Economist with the Asian Development Bank, Manila, Philippines, where he has been involved in revising the approach to economic and financial analysis, as well as in design and implementation of projects. He has worked in various capacities for the European Union, the United Nations Food and Agricultural Organization, the United Nations Development Program, the United Nations Industrial Development Organization, the Organization for Economic Cooperation and Development, and the British Government, as well as for private sector consulting firms.

JOHN WEISS is Professor of Development Economics and Head of Department at the Development and Project Planning Centre, University of Bradford, UK. He has published widely on development issues including Industry in Developing Countries and Economic Policy in Developing Countries: The Reform Agenda. He has considerable experience of applied work in developing countries having worked as a consultant to many development agencies including the World Bank, United Nations Industrial Development Organisation, Asian Development Bank, African Bank, Development and the European Investment Bank. He has also worked on the appraisal of projects in a range of countries including Guyana, Pakistan, India, Mexico, Argentina and a number of countries in sub-Saharan Africa.

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