Valuing life in economic terms Making life valuation
In 1995, the Global Commons Institute and supporting governments successfully challenged what it terms "unequal life valuation" made by economic analysts to the Intergovernmental Panel on Climate Change (IPPC). In attempting to estimate what level of resources the world's governments should put into trying to halt or slow the rate of global warming, the economists accepted the premise that many more lives would be lost in the poorer countries than the richer ones as global warming proceeded. However, by calculating the value of a human life at what a person is prepared to pay to avoid the risk of dying, they concluded that a life in a developed country is worth 15 times more than a life in a poorer, undeveloped country -- as if disposable wealth measured life's worth. The actual figures they produced were: value of an American or west European life, US$1.5 million; value of an African or Indian life, $100,000. The report was sent back for further work.
The Encyclopedia of World Problems and Human Potential is a unique, experimental research work of the Union of International Associations. It is currently published as a searchable online platform with profiles of world problems, action strategies, and human values that are interlinked in novel and innovative ways. These connections are based on a range of relationships such as broader and narrower scope, aggravation, relatedness and more. By concentrating on these links and relationships, the Encyclopedia is uniquely positioned to bring focus to the complex and expansive sphere of global issues and their interconnected nature.
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