Skip to main content Accessibility help
×
Hostname: page-component-848d4c4894-8kt4b Total loading time: 0 Render date: 2024-06-15T03:27:07.599Z Has data issue: false hasContentIssue false

Conclusion

Published online by Cambridge University Press:  30 May 2018

Finn Kydland
Affiliation:
Nobel Laureate in Economic Science, Henley Professor of Economics, University of California, Santa Barbara, USA
Tom Schelling
Affiliation:
Nobel Laureate in Economic Science
Nancy Stokey
Affiliation:
Frederick Henry Prince Distinguished Service Professor in Economics, University of Chicago, Illinois, USA
Bjorn Lomborg
Affiliation:
Prague, 2018
Bjorn Lomborg
Affiliation:
Copenhagen Business School
Get access

Summary

Over the next 15 years the Global Goal targets examined in the research section of this book will help to direct somewhere in the region of $2.5 trillion to be spent on development assistance, as well as countless trillions in national budgets. As the members of the Eminent Panel that examined the research and made recommendations on the proposed targets, particularly in terms of value-for-money, we believe that it is important that those making funding decisions have access to information on costs and benefits.

A natural political inclination is to promise all good things to everyone. This, in no small part, is how the United Nations ended up with 169 targets. All are well-intentioned.

However, the analyses presented in this book demonstrate that some of the targets are less worthwhile, producing only a little more than $1 in social benefits per dollar spent, while others produce much higher social returns. After careful consideration and engagement with the research authors, we selected the 19 targets that we expect to produce the greatest benefits.

The analyses suggest that if the United Nations (UN) concentrates on these top 19 targets, it could achieve $20 to $40 in social benefits per dollar spent. In contrast, allocating it evenly across all 169 targets would reduce the figure to less than $10.

Targets that will help people directly through health benefits are worth championing. As we read about in Chapter 13, tuberculosis (TB) is a “hidden” disease. More than two billion people carry the bacterium that causes it. About 10 percent of those people will develop TB at some point, and about 1.5 million people each year die from TB. But treatment is inexpensive and, in most cases, highly effective. Spending a dollar on diagnosis and treatment is a low-cost way to give many more years of productive life to many people. Ebola and Zika may receive the headlines, but TB is a much bigger problem, and one that we recommend receives high priority.

Reducing childhood malnutrition, described in Chapter 20, is another excellent target. A good diet allows children's brains and muscles to develop better, producing lifelong benefits. Wellnourished children stay in school longer, learn more, and end up being much more productive members of society. The available evidence suggests that providing better nutrition for 68 million children each year would produce over $40 in long-term social benefits for every dollar spent.

Type
Chapter
Information
Prioritizing Development
A Cost Benefit Analysis of the United Nations' Sustainable Development Goals
, pp. 501 - 507
Publisher: Cambridge University Press
Print publication year: 2018

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

  • Conclusion
    • By Finn Kydland, Nobel Laureate in Economic Science, Henley Professor of Economics, University of California, Santa Barbara, USA, Tom Schelling, Nobel Laureate in Economic Science, Nancy Stokey, Frederick Henry Prince Distinguished Service Professor in Economics, University of Chicago, Illinois, USA, Bjorn Lomborg, Prague, 2018
  • Edited by Bjorn Lomborg, Copenhagen Business School
  • Book: Prioritizing Development
  • Online publication: 30 May 2018
  • Chapter DOI: https://doi.org/10.1017/9781108233767.060
Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

  • Conclusion
    • By Finn Kydland, Nobel Laureate in Economic Science, Henley Professor of Economics, University of California, Santa Barbara, USA, Tom Schelling, Nobel Laureate in Economic Science, Nancy Stokey, Frederick Henry Prince Distinguished Service Professor in Economics, University of Chicago, Illinois, USA, Bjorn Lomborg, Prague, 2018
  • Edited by Bjorn Lomborg, Copenhagen Business School
  • Book: Prioritizing Development
  • Online publication: 30 May 2018
  • Chapter DOI: https://doi.org/10.1017/9781108233767.060
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Conclusion
    • By Finn Kydland, Nobel Laureate in Economic Science, Henley Professor of Economics, University of California, Santa Barbara, USA, Tom Schelling, Nobel Laureate in Economic Science, Nancy Stokey, Frederick Henry Prince Distinguished Service Professor in Economics, University of Chicago, Illinois, USA, Bjorn Lomborg, Prague, 2018
  • Edited by Bjorn Lomborg, Copenhagen Business School
  • Book: Prioritizing Development
  • Online publication: 30 May 2018
  • Chapter DOI: https://doi.org/10.1017/9781108233767.060
Available formats
×