The Global Biodiversity Problem: Optimal Policy and the Global Conversion Process

Timothy Swanson

Chapter 6 in The International Regulation of Extinction, 1994, pp 148-178 from Palgrave Macmillan

Abstract: Abstract The problem of global biodiversity losses derives from the failure of states to consider the impacts upon global stocks when taking national regulation decisions. When stock depletion generates substantial externalities, as is the case with diverse biological resources, then decentralised (i.e. multinational) regulation of these global stocks will necessarily be inefficient. The biodiversity problem is, in effect, the predictable result of an imperfection in the existing global regulatory system with regard to diverse resources; decentralised decisions regarding diverse resources cannot take into account the innate value of their diversity.

Keywords: Marginal State; Biological Resource; Global Community; Global Biodiversity; Host State (search for similar items in EconPapers)
Date: 1994
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DOI: 10.1007/978-1-349-12985-0_6

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