
The Philippines is at a critical juncture in its urbanization process with the number of people living in cities projected to increase by approximately 20 million over the next 20 years. Decisions made now will affect how that urbanization takes place, how cities grow, how vibrant they are, and the extent to which they contribute to improving the lives of tens of millions of residents. Bold policy reforms are needed at both the national and local level too leverage enormous opportunities for growth, job creation and poverty reduction and to avoid the risk of congestion, slums, pollution, inequality and crime.



This paper Demystifying Economic Valuation covers the main issues, questions and principles surrounding economic valuation and is designed as an overview for those new to economic valuation. The paper brings together input from 120 volunteers from the economic valuation community. The editors are Ece Ozdemiroglu and Rosie Hails from the Valuing Nature Programme Coordination Team.
The paper covers the following topics:
- Why economic valuation?
- What is economic valuation?
- How do we estimate economic value?
- Whose values count?
- How do we use economic values in decision making?
- But economic values vary! And so they should!
- How to communicate economic value evidence.
