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Socio-Economic Context of Saving Biodiversity

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  • Gul, Rjaz
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    Abstract

    Since the beginning of time mankind has depended upon the available natural resources for survival, although the contribution of biodiversity to the sustainable development has recently been acknowledged. The need for this recognition arose from the fact that biodiversity provides a variety of socio- cultural and economic services for the humankind such as food, water, shelter, medicines, energy and aesthetic value. Despite realization of biodiversity as essential factor for human life and welfare, we are facing problems of global nature. Pakistan is fortunate to have a rich biodiversity and is blessed with more than nine distinct ecological zones. These ecological zones provide a range of habitats to a great variety of flora and fauna, besides a vast variety of plant species having great medicinal and food value. However, deforestation, over development, lack of awareness and control measures have negative effects on biodiversity. These actions are leading to loss of species, habitats and degradation of ecosystems. Presently, the rate of regeneration of resources is much slower than the rate at which these natural assets are being consumed inducing a socio-economical recession. There is a need to adopt a sustainable approach towards biodiversity conservation and establish a balance between gains and loss to bridge this gap between resource generation and consumption. Preservation of biodiversity without sustainability could impact the overall economic conditions leading to further poverty and affect the quality of life of the people. This paper thoroughly reviews significance of biodiversity, its socio-economic benefits and problems currently being faced to save this natural wealth.

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    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 48401.

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    Date of creation: 17 Jul 2013
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    Handle: RePEc:pra:mprapa:48401

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    Keywords: Biodiversity; ecological zones; socio-economical gains; sustainability; balance;

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    1. Arrow, Kenneth J, 1994. "Methodological Individualism and Social Knowledge," American Economic Review, American Economic Association, vol. 84(2), pages 1-9, May.
    2. Broome,John, 1999. "Ethics out of Economics," Cambridge Books, Cambridge University Press, number 9780521644914, April.
    3. Eckel, Catherine C. & Grossman, Philip J., 2008. "Men, Women and Risk Aversion: Experimental Evidence," Handbook of Experimental Economics Results, Elsevier.
    4. Hausman, Daniel M & McPherson, Michael S, 1993. "Taking Ethics Seriously: Economics and Contemporary Moral Philosophy," Journal of Economic Literature, American Economic Association, vol. 31(2), pages 671-731, June.
    5. Brennan, Timothy J., 1993. "The Futility of Multiple Utility," Economics and Philosophy, Cambridge University Press, vol. 9(01), pages 155-164, April.
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    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. #HEJC papers for August 2013
      by academichealtheconomists in The Academic Health Economists' Blog on 2013-07-31 23:00:48

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