Financial Market Imperfections and Productivity Growth
Author(s)
Greenwald, Bruce; Kohn, Meir; Stiglitz, Joseph E.
Abstract
This paper examines attempts to integrate the objectives of biodiversity conservation and social and economic development through a variety of approaches associated with different forms of protected areas and generally labeled as ‘integrated conservation and development’. It examines how the linkages between conservation and development are conceptualized, and the types of policy prescriptions and associated models and practice of integrating conservation and development. It identifies misconceptions about four key aspects that are common in conventional integrated conservation and development approaches. It concludes that fundamental changes are necessary to institutions and management and decision-making strategies to address these issues and to effectively meet conservation and development objectives.
