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Creating and Rescheduling Tangible Benefits and Costs

Creating and Rescheduling Tangible Benefits and Costs

(p.65) Chapter Four Creating and Rescheduling Tangible Benefits and Costs
Bringing in the Future
William Ascher
University of Chicago Press

This chapter tries to illustrate the remarkably large number of strategies and specific instruments that can accomplish the changes in farsighted and shortsighted actions. Since one can address both the early and later costs and benefits of the farsighted and shortsighted actions, there are many points of leverage. Several examples show that governments can promote savings by providing higher-than-market savings interest rates. The Global Environment Facility is a vehicle for transferring funds from developed countries to developing countries to preserve or enhance the global environment. The prospects and benefits of the governmentally funded improvements would increase motivation for self-help efforts even if the government outlay is relatively modest. The limitation of strategies involving welfare values is that the benefits to be created or rescheduled are typically more financially costly than other strategies, and the creation or rescheduling of costs is more politically costly.

Keywords:   farsighted actions, shortsighted actions, governments, savings, interest rates, Global Environment Facility

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