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Economic Incentives for Global Conservation of Wildlife: New International Policy Directions

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  • Tisdell, Clement A.

Growing economic globalisation by extending the operation of markets is a two-edged sword as far as nature conservation is concerned. In some circumstances, it threatens the conservation of nature and in other cases, it provides economic incentives that foster the conservation of biodiversity. This article shows how global policy directions have altered in that regard. Initially the World Conservation Union (IUCN) favoured bans on trade in endangered species. This view was enshrined in the Convention on International Trade in Endangered Species (CITES). Subsequently, with the upsurge of support for market-based economic liberalism, IUCN recognised that economic and market incentives, if linked to appropriate property rights, could foster biodiversity conservation. This is reflected in the International Convention on Biological Diversity. While there is conflict between this convention and CITES, its extent has been exaggerated. As explained, in certain cases, trade restrictions of the type adopted in CITES are appropriate for nature conservation whereas the market-oriented policy of the Convention on Biological Diversity can be effective in some different situations. Whether or not the extension of markets in wildlife and wildlife products and growing economic globalisation favours nature conservation varies according to the circumstances.

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Paper provided by University of Queensland, School of Economics in its series Economics, Ecology and Environment Working Papers with number 55060.

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Date of creation: Mar 2005
Handle: RePEc:ags:uqseee:55060
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  1. Tisdell, Clem, 2001. "Globalisation and sustainability: environmental Kuznets curve and the WTO," Ecological Economics, Elsevier, vol. 39(2), pages 185-196, November.
  2. Clem Tisdell, 2004. "Property rights in non-captive wildlife and biodiversity conservation," International Journal of Global Environmental Issues, Inderscience Enterprises Ltd, vol. 4(4), pages 195-208.
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