The biodiversity hosted by the world’s developing nations provides both local and global services. But that does not mean that poor countries should be barred from exploiting their natural resources in the interest of economic growth.
PARIS – The world is witnessing a drastic decline of its natural capital. Plant and animal species worldwide are vanishing at an unprecedented pace – 100 to 1,000 times the natural extinction rate.
The planet’s most endangered ecosystems are located in developing countries, and thus depend on some of the world’s neediest communities for their preservation. Conversely, the poor are the first to suffer from deterioration of their natural environment. But in the developing world, immediate economic needs often override long-term imperatives, and protecting a fragile environment is rarely a priority at the national level.
The biodiversity hosted by the world’s developing nations provides both local and global services. Local, because the most fragile communities often rely for their survival on the biological resources that surround them, which constitute a precious source of food, energy and income. The World Bank estimates that natural capital constitutes a quarter of total wealth in low-income countries, compared to 3% in the highly developed economies. Global, because the array of services that natural ecosystems provide, such as clean air and fresh water, benefit people far beyond national borders.
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Rather than reducing concentrated market power through “disruption” or “creative destruction,” technological innovation historically has only added to the problem, by awarding monopolies to just one or a few dominant firms. And market forces offer no remedy to the problem; only public policy can provide that.
shows that technological change leads not to disruption, but to deeper, more enduring forms of market power.
The passing of America’s preeminent foreign-policy thinker and practitioner marks the end of an era. Throughout his long and extraordinarily influential career, Henry Kissinger built a legacy that Americans would be wise to heed in this new era of great-power politics and global disarray.
reviews the life and career of America’s preeminent foreign-policy scholar-practitioner.
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PARIS – The world is witnessing a drastic decline of its natural capital. Plant and animal species worldwide are vanishing at an unprecedented pace – 100 to 1,000 times the natural extinction rate.
The planet’s most endangered ecosystems are located in developing countries, and thus depend on some of the world’s neediest communities for their preservation. Conversely, the poor are the first to suffer from deterioration of their natural environment. But in the developing world, immediate economic needs often override long-term imperatives, and protecting a fragile environment is rarely a priority at the national level.
The biodiversity hosted by the world’s developing nations provides both local and global services. Local, because the most fragile communities often rely for their survival on the biological resources that surround them, which constitute a precious source of food, energy and income. The World Bank estimates that natural capital constitutes a quarter of total wealth in low-income countries, compared to 3% in the highly developed economies. Global, because the array of services that natural ecosystems provide, such as clean air and fresh water, benefit people far beyond national borders.
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