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Conservation Of Biodiversity And African Traditional Medicine: A Market Incentives And Local Economic Development Approach

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  • Saner, Nicola

Abstract

The hidden economy surrounding the medicinal plant trade in South Africa is estimated to be worth approximately $60 to $100 billion per annum. There is increasing focus on the role that these resources play in the process of sustainable development. By combining Local Economic Development (LED), incentive structures and resource management systems strategies in the Eastern Cape, biodiversity degradation can be potentially decreased in line with community development goals. Qualitative data comparisons are used to assess the extent of the success of this holistic approach to development using the Umthathi Africulture Project as a case study.

Suggested Citation

  • Saner, Nicola, 2009. "Conservation Of Biodiversity And African Traditional Medicine: A Market Incentives And Local Economic Development Approach," Honours Students' Projects 99247, Rhodes University, Department of Economics and Economic History.
    • Handle: RePEc:ags:rudehp:99247
    DOI: 10.22004/ag.econ.99247
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    Keywords

    Environmental Economics and Policy;

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