Economics, Natural Resources and Sustainable Development

The un-curved human population growth has now forced itself into the human scene , big , magnified , and digitalized , it is hard to ignore the magnitude of the problem . Associated in the population growth is the problem facing mankind sustainability of itself in the hierarchy , as it derives support from the ecosystem . To support the burgeoning population , mankind , in the process , depletes the natural resources around needed to sustain its own life . That is , natural fauna and flora habitats are harmed irreversibly . Mankind left supporting its own priorities for materialism and un-tempered freedom is

proving to be the greatest human folly , a grave shortsightedness with a devastating end

The beauty that Hardin 's thoughts come in the provoking curtailing measures by which to ensure the perpetual existence of humanity , perhaps even beyond a cataclysmic biological attack . Mankind , he says , must do some minding . Solution he espouses to solve

Economics , Natural Resources and Sustainable Development

population growth is the necessary and urgent change in morality , no longer the prudent Puritanical canons of morality closest to Eucharistic ad infinitum ordinance of multiplication . On the other hand necessity to abandon the freedom to breed .only so , we can put an end to this aspect of the tragedy of commons (Hardin ) is the urgent call of the times Economics , Natural Resources and Sustainable Development

4 ) Compare and contrast three different methodologies used to monetize environmental benefits . Under which circumstances is each appropriate

In the studies of ecosystem and environmental services , three forms of methodologies are used with similar focus and dissimilar applications All three are used to estimate the economic use or non use value of certain ecosystem or recreational sites in varying degrees . The Contingent Valuation Method is widely used , and very suitable to estimate the non use or use of remote ecosystems and environmental...