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Market‐based conservation: Aligning static theory with dynamic systems
Author(s) -
Woodward Richard T.,
Stronza Amanda,
ShapiroGarza Elizabeth,
Fitzgerald Lee A.
Publication year - 2014
Publication title -
natural resources forum
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.646
H-Index - 49
eISSN - 1477-8947
pISSN - 0165-0203
DOI - 10.1111/1477-8947.12058
Subject(s) - multidisciplinary approach , categorization , intervention (counseling) , computer science , management science , economics , sociology , artificial intelligence , social science , psychology , psychiatry
This paper provides a broad evaluation of the implications of market‐based conservation ( MBC ) strategies from economic, social and ecological perspectives. After reviewing the economic theory that underlies MBC initiatives, we develop a list of approaches that have been labeled as “market‐based”, and categorize them according to the degree to which they are free‐standing markets or require the intervention of the state. A multidisciplinary critique reveals the potential problems and pitfalls of MBC are due to a lack of ability to deal with dynamic systems in the real world. The dynamics of these three systems can undermine the intended goals of MBC .