Chapter Four. The Economic Valuation of Urban Ecosystem Services

Dodo J THAMPAPILLAILee Kuan Yew School of Public Policy, National University of Singapore

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“‘Would the benefits of development exceed the benefits of preserving the wooded area’? The indiscriminate adoption of the cost–benefit criterion in such instances is inevitably flawed. This is because decision-making of this vein overlooks important linkages between the ecosystem and the (urban) economy. The most vital linkage to be acknowledged is the premise that any economy – urban or otherwise – could not exist without a minimal threshold level of ecosystem support. Very often the value ...

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