MARC Record from Scriblio

LEADER: 02289cam 22003017a 4500
001 2005620430
003 DLC
005 20051202141130.0
007 cr |||||||||||
008 051202s2005 dcu sb i000 0 eng
010 $a 2005620430
040 $aDLC$cDLC
050 00 $aHG3881.5.W57
100 1 $aFlyvbjerg, Bent.
245 10 $aPolicy and planning for large infrastructure projects$h[electronic resource] :$bproblems, causes, cures /$cBent Flyvbjerg, Research working paper Collection Title:Policy.
260 $a[Washington, D.C. :$bWorld Bank,$c2005]
490 1 $aPolicy research working paper ;$v3781
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 12/2/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"This paper focuses on problems and their causes and cures in policy and planning for large infrastructure projects. First, it identifies as the main problem in major infrastructure development pervasive misinformation about the costs, benefits, and risks involved. A consequence of misinformation is massive cost overruns, benefit shortfalls, and waste. Second, the paper explores the causes of misinformation and finds that political-economic explanations best account for the available evidence: planners and promoters deliberately misrepresent costs, benefits, and risks in order to increase the likelihood that it is their projects, and not the competition's, that gain approval and funding. This results in the "survival of the unfittest," where often it is not the best projects that are built, but the most misrepresented ones. Finally, the paper presents measures for reforming policy and planning for large infrastructure projects, with a focus on better planning methods and changed governance structures, the latter being more important. "--World Bank web site.
650 0 $aInfrastructure (Economics)
650 0 $aEconomic development projects.
710 2 $aWorld Bank.
830 0 $aPolicy research working papers (Online) ;$v3781.
856 40 $uhttp://econ.worldbank.org/external/default/main?pagePK=64165259&piPK=64165421&theSitePK=469372&menuPK=64166093&entityID=000016406_20051201094022