From Natural Resources to Natural Assets
Published Studies from Political Economy Research Institute, University of Massachusetts at Amherst
This article examines the scope for strategies to build natural assets in the hands of low-income individuals and communities. Natural assets include sources of raw materials such as forests and fisheries, and the airsheds, lands, and water bodies that provide "environmental sinks" for the disposal of wastes. These resources become assets when people have rights to access their benefits. Four strategies for natural asset-building are identified: investment to increase the total stock of natural assets; redistribution to transfer natural assets from others; internalization to increase the ability of the poor to capture benefits generated by their stewardship of natural assets; and appropriation to establish rights for the poor to open-access resources. Building on the democratic principle that all individuals have equal rights to clean air, clean water, and other common heritage resources, these strategies simultaneously can advance the goals of poverty reduction, environmental protection, and environmental justice.
New Economics Papers: this item is included in nep-ene
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (4) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:uma:perips:ps13
Access Statistics for this paper
More papers in Published Studies from Political Economy Research Institute, University of Massachusetts at Amherst Contact information at EDIRC.
Series data maintained by Judy Fogg ().