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A text on project planning and analysis in developing countries, this book focuses on the economic and financial analysis of projects, but also demonstrates the importance of other factors to those who might otherwise give undue weight to economic and financial calculations. Potts examines the issues that arise before a project is appraised, covering project identification, design, and assumptions regarding likely outcomes in the absence of the project. He also tackles the difficult practical problems that arise for project planners, among them inflation, changes in relative prices, and exchange rate fluctuations. Throughout, he is aware of the fact that appraisal methodology needs to be adapted to the scale of a particular project.