Chapter Four. The Economic Valuation of Urban Ecosystem Services

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


“‘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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