page_title: Copenhagen Consensus
section_title: Very good
hierarchical_section_title: Copenhagen Consensus / Copenhagen Consensus 2004 / Results / Very good
caption_attribution_description: العربية: الأنوفيلة الغامبية، نوع من البعوض الناقل للملاريا. English: Anopheles gambiae mosquito Deutsch: Anopheles gambiae beim Stich Bahasa Indonesia: Nyamuk Anopheles 日本語: ガンビアハマダラカAnopheles gambiae Português: Mosquito Anopheles gambiae Giles, 1926 Español: Mosquito Anopheles gambiae, vector biológico de la malaria.
context_page_description: Copenhagen Consensus is a project that seeks to establish priorities for advancing global welfare using methodologies based on the theory of welfare economics, using cost–benefit analysis. It was conceived and organized by Bjørn Lomborg, the author of The Skeptical Environmentalist and the then director of the Danish government's Environmental Assessment Institute.
  The project is run by the Copenhagen Consensus Center, which is directed by Lomborg and was part of the Copenhagen Business School, but it is now an independent 501 non-profit organisation registered in the USA. The project considers possible solutions to a wide range of problems, presented by experts in each field. These are evaluated and ranked by a panel of economists. The emphasis is on rational prioritization by economic analysis. The panel is given an arbitrary budget constraint and instructed to use cost–benefit analysis to focus on a bottom line approach in solving/ranking presented problems. The approach is justified as a corrective to standard practice in international development, where, it is alleged, media attention and the "court of public opinion" results in priorities that are often far from optimal.
context_section_description: The highest priority was assigned to implementing certain new measures to prevent the spread of HIV and AIDS. The economists estimated that an investment of $27 billion could avert nearly 30 million new infections by 2010.
  Policies to reduce malnutrition and hunger were chosen as the second priority. Increasing the availability of micronutrients, particularly reducing iron deficiency anemia through dietary supplements, was judged to have an exceptionally high ratio of benefits to costs, which were estimated at $12 billion.
  Third on the list was trade liberalization; the experts agreed that modest costs could yield large benefits for the world as a whole and for developing nations.
  The fourth priority identified was controlling and treating malaria; $13 billion costs were judged to produce very good benefits, particularly if applied toward chemically-treated mosquito netting for beds.
caption: Control malaria
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