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International Monetary Fund. External Relations Dept.

. Which of the two approaches one likes depends on one’s predilections and tastes. I opt for the first approach because experience teaches (as B.R. Berman put it in the citation by J.R. Meyer in the essay referred to above), “… a crude dynamic model may be better than a highly fooled, multi-jeweled static creation.” For those interested in both approaches, Regional Analysis , with 11 essays which range the field, is recommended. For those interested in location theory and regional development within a traditional economic framework, Hugh O. Nourse’s lucid text is

International Monetary Fund. External Relations Dept.
This paper presents a description of the Project Analysis Course offered by the World Bank’s Economic Development Institute (EDI). The main objective of EDI is to give individuals a general understanding of all the main elements involved in preparing, evaluating, and executing development projects. At the end of the course, EDI expects graduates to be able to help design project studies or to participate in the overall evaluations on which final decisions are heavily based.