Globalization, population growth, and resource depletion are
drawing increased attention to the importance of common resources
such as forests, water resources, and fisheries. It is critical
that these resources be governed in an equitable and sustainable
way. The Commons in the New Millennium presents cutting-edge
research in common property theory and provides an overview and
progress report on common property research.The book analyzes new
problems that owners, managers, policy makers, and analysts face in
managing natural commons. It examines recent findings about the
physical characteristics of the commons, their complexity and
interconnectedness, and the role of social capital. It also
provides empirical studies and suggestions for sustainable
development. The topics discussed include the role of financial,
political, and social capital in deforestation, community efforts
to gain political influence in Indonesia, the Maine lobster
industry, outcomes of the implementation of individual transferable
quotas in New Zealand and Iceland fisheries, and design of
multilateral emissions trading for regional air pollution and
global warming.
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