Cost-Benefit Analysis Could Play Critical Role In Ensuring Efficient Use Of Development Funding, Achieving SDGs

Project Syndicate: Making Every Development Dollar Count
Bjørn Lomborg, visiting professor at the Copenhagen Business School and director of the Copenhagen Consensus Center

“…[I]f current trends hold, the world will fail to achieve the SDGs’ targets for 2030 in a host of areas … But instead of allocating development funding to try to speed up progress in these areas, much of it is being directed elsewhere. … How could development funds be better used? Cost-benefit analysis can play a vital role in shining a light on interventions and investments that achieve the most for every dollar spent. … [T]he clock continues to tick toward 2030, and the world is behind schedule on many of its development targets. If we ignore economic efficiency, we risk failing to make needed progress against humanity’s greatest challenges” (1/16).