Managing Natural Resources Sustainably: Market and Non-market Approaches

Rashed Al Mahmud Titumir (), Tanjila Afrin () and Mohammad Saeed Islam ()
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Rashed Al Mahmud Titumir: University of Dhaka
Tanjila Afrin: Bangladesh University of Professionals
Mohammad Saeed Islam: Bangladesh University of Professionals

Chapter Chapter 2 in Natural Resource Degradation and Human-Nature Wellbeing, 2023, pp 37-74 from Springer

Abstract: Abstract This chapter attempts to construct a new theoretical framework of sustainable natural resource governance by critically examining the existing theoretical positions. The chapter has focused on two theoretical approaches—(a) the market-centric approach and (b) the political economy approach. The new framework takes into account variables such as institution, power, political settlement and human sociality to find out the drivers of natural resource degradation and also to devise a sustainable governance mechanism to ensure a sustained relationship between human beings and nature. The aim, on the whole, is to provide a rigorous cause-and-effect understanding by building on, and moving beyond, the existing theories to address the objectives of the book.

Keywords: Market-centric Approach; Political Economy Approach; Sustainable Governance; Human Sociality (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-8661-1_2

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DOI: 10.1007/978-981-19-8661-1_2

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