Cost-benefit analysis for global public-private partnerships: an evaluation of the desirability of intergovernmental organizations entering into public-private partnerships

摘要

This paper explains the use of cost-benefit analysis for the evaluation of global public-private partnerships that combine international intergovernmental organizations with national governments, businesses, and the non-profit organizations of civil society. The partnerships allocate resources to projects that are socially desirable from an international perspective, yet without the global partnerships will not be performed. Cost-benefit analysis can identify and compare the social and the private costs and benefits of the projects, thereby identifying cases where global public-private partnerships will provide socially desirable results when markets alone will not. Cost-benefit analysis can assess the necessity and the sufficiency of strategies proposed by the partnerships. The paper discusses modifications to cost-benefit analysis required for its use in evaluations of the global public-private partnerships, explaining the need for market-centered valuations, but also explaining the role of alternative social valuations.