Market Vs Ethics: Need for Mid-path Paradigm of Conservation

International Journal of Economics and Management Studies

© 2016 by SSRG - IJEMS Journal

Volume 3 Issue 9

Year of Publication : 2016

Authors : Diptimayee Nayak, Vrajaindra Upadhyay

10.14445/23939125/IJEMS-V3I5P113

How to Cite?

Diptimayee Nayak, Vrajaindra Upadhyay, "Market Vs Ethics: Need for Mid-path Paradigm of Conservation," SSRG International Journal of Economics and Management Studies, vol. 3,  no. 9, pp. 1-8, 2016. Crossref, https://doi.org/10.14445/23939125/IJEMS-V3I5P113

Abstract:

Conservation of natural resources is drawing a significant attention worldwide. The researchers and policy makers play a decisive role in adopting different approaches to conservation. This paper analyzes the debate over different approaches like market-based mechanism of conservation and philanthropic/ethic-based conservation. It is more or less a short term versus long term approach of conservation. Each mechanism has been critically analyzed. But the optimal path of market-based mechanism and ethic-based mechanism of conservation depends on different institutions. The study has undertaken primary survey data of an Indian national park, i.e. the Bhitakanika. The focus group discussions at a village, adjacent to the national park find out different perspectives to different questions regarding selling out of nature to save it; hearts or wallets- which one is mightier?; When does philanthropy begin?; and a model for practical and viable path of conservation- a need for trade off between conservation of wildlife species and development of human wellbeing.

Keywords:

Approaches of conservation, ethics, institutions, trade-off between conservation and development.

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