What is unido approach?
UNIDO approach is one of the methods of calculating Social cost benefit analysis (SCBA).infact very popular.Normally we caculate financial benefits from a project while evaluating it,but this method caculates economic benefits from the project.although earlier it was commonly used by government organizations but now it is being used by private players also.In this analysis the monetary priced are replaced by shadow prices.shadow prices are prices at perfect market conditions,also caled as economic prices.thus the market prices are replaced by the Econmic prices and then the benefit or returns are calculated.in aditon to this, adjustment is made for Externalities(+ve like road facility,hospital facility etc. or -ve externalities lik pollution),savings(a rupee saved is valued more than a rupee consumed),redistribution of income(a rupee distributed to poor is valued more than a rupee distributed to rich) ,taxes are not considerd and merits.then finally the economic rate of return is calcu
