Natural Resources Economics

Sharks are disappearing from the ocean because there is the lack of effective regulations and laws to control the overly fishing and aspects of the international trade which can often be based on some illegal points. The problems in ecosystems and the popularity of sharks’ meat among consumers also affect the issue. This problem can be discussed as global, and it can result in the environmental collapse.Advertising We will write a custom essay sample on Natural Resources Economics specifically for you for only $16.05 $11/page Learn More That is why, it is necessary to improve the points and conditions presented in the Convention on International Trade in Endangered Species (CITES) in order to state the regulations for the shark fishing and prevent any cases of the illegal trade. Furthermore, it is necessary to support the idea of banning the trade of shark fin products, proposing the actual projects for regulations. In addition, it is necessary to increase penalties for illegal fishing and trade. The current approaches to managing the Gray Wolf of Michigan are not enough. The failures in the programs can lead to the problems in the ecosystem’s balance. The focus on the associated hunting cannot be discussed as economically reasonable because the fact of killing the Gray Wolf of Michigan can lead to the destruction of the ecosystem, and its restoration needs significant financial resources. That is why, it is necessary to develop the programs and regulations according to which hunting in relation to the Gray Wolf of Michigan should be prohibited; killing animals in the situations of the conflicts should be prohibited; and the additional resources to control the number of animals should be provided with references to the research costs in order to explore the associated ecosystem to prevent the ecological problems. In spite of the fact that the multiple-use management approach is still relevant to be used in relation to the forest management, it is necessary to pay more attention to the ecosystem management approach according to which the health of forests should be supported. Today, it is necessary to promote the idea of the forest ecology and to create the necessary conditions for the forest organisms’ development within the appropriate environments. This goal should be prioritized instead of focusing on producing the market goods as it was stated earlier in relation to the tendencies in the forest management.Advertising Looking for essay on ecology? Let's see if we can help you! Get your first paper with 15% OFF Learn More Nevertheless, the problem is in the fact that the ecosystem management ignores the social and economic aspects associated with the forest management. That is why, the forest should be managed according to the developed balanced system where the ecosystem approach is connected with the positive elements of the multiple-use management approach. From this po int, the forest health remains the priority, but the economic and social aspects are not ignored. The traditional market economy is focused on assessing the financial benefits related to production systems in order to choose the most efficient systems based on the economically effective use of resources. However, this economic system is limited because of not relying on a range of non-economic aspects, such as the focus on ecologically sustainable systems and renewable resources. On the contrary, the ecological economy approach to natural resource use addresses these factors because the ecological economy states the connections between the economic systems and ecological systems where the development of the ecosystem plays a significant role in influencing the economy of the region. According to the ecological approach, the natural resources are used to respond to the principles of sustainability, renewability, and often to the idea of organic production. From this point, it is more important for the society to refer to the ecological economy approach because the economic progress is guaranteed along with the efficient use of natural resources to create the sustainable environment. This essay on Natural Resources Economics was written and submitted by user Anthony Medina to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.