The 12 Best Investments for the World's Welfare

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CNN's John Defterios and his team have compiled a list of 12 best ideas for spending money. They say that the world's poor nations should be spending more on this type of investment. But, they argue, rich countries would give about 200 billion dollars away each year on development aid. "This is really small bit compared to other things that we're spending"

World leaders have promised everything to everyone. But they are failing. Together with more than a hundred of the world’s top economists, Bjorn Lomborg has worked for years to identify the world’s best solutions. Based on 12 new, peer-reviewed papers, forthcoming in Cambridge University Press’ Journal of Benefit-Cost Analysis, Lomborg’s latest book highlights the world’s best policies.

Shermer and Lomborg discuss: perfect solutions vs. practical trade-offs • benefit-cost analysis • time horizons and discounting the future • the value of a statistical life • saving the environment, the poor, the diseased • the millennium development goals • the sustainable development goals • tuberculosis • education • maternal and newborn health • agricultural R&D (more and cheaper food) • malaria • land tenure security • nutrition • chronic diseases • childhood immunization • corruption • highly skilled migration.

Bjorn Lomborg is an academic and the author of the best-selling The Skeptical Environmentalist and Cool It. He is a visiting professor at Copenhagen Business School, and president of the Copenhagen Consensus Center which brings together top economists, including seven Nobel Laureates, to set data-driven priorities for the world. Lomborg is a frequent commentator in print and broadcast media, for outlets including the New York Times, Wall Street Journal, The Guardian, CNN, FOX, and the BBC. His monthly column is published in 19 languages, in 30+ newspapers with more than 30 million readers globally. Follow him on twitter @BjornLomborg.