Market‐based conservation: Aligning static theory with dynamic systems Academic Article uri icon

abstract

  • © 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.

altmetric score

  • 0.25

author list (cited authors)

  • Woodward, R. T., Stronza, A., Shapiro‐Garza, E., & Fitzgerald, L. A.

citation count

  • 4

publication date

  • November 2014

publisher