Market‐based conservation: Aligning static theory with dynamic systems
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© 2014 United Nations. 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.
author list (cited authors)
Woodward, R. T., Stronza, A., Shapiro‐Garza, E., & Fitzgerald, L. A.