Fiji has distinct institutional features that make it an ideal case for examining and discussing the consequences of institutional arrangements (particularly the nature of property rights) for national economic performance, development prospects, and the state of the environment which in turn, reflects a nation's ability to achieve sustainable development. Furthermore, the nature of institutional arrangements in Fiji can be used to illustrate aspects of both the new and the 'old' institutional economics. Apart from the fact that Fiji provides considerable scope for the exploration of institutional economics and its applications, Fiji is a comparatively important island nation in the south-west Pacific, that is, an important member of the Pacific Island Forum grouping of 14 island nations. The recent development of Fiji has been much influenced by its social history, particularly by its institutional structures established or codified during British colonial rule. Its present racial composition is largely a product of British colonisation. of Indians brought to Fiji by the British to produce sugar cane as a contribution to the economic development of the former British Empire. In many respects, the type of global imperialism that was well established during the nineteenth century was a forerunner to modern economic globalisation which involves a mixture of free trading blocs and multilateralism. The current population mixture of Fiji consisting of about equal numbers of Indian Fijians and Indigenous Fijians has its roots in Fiji's colonial history. Furthermore, the codified systems of property rights (which largely excludes Indian Fijians from the ownership of land) was established by the British. It has been a major source of ethnic tension, and of social and political conflict in Fiji. We show that this system of property rights has had important negative consequences for economic growth in Fiji, for the economic performance of its industries, and for the conservation of its natural resources. natural resources which may not be equitable, and which also does not appear to be efficient administratively. This adds to social and political tension in Fiji.
A discussion of the economic reforms which have substantially altered the economic structure of China since 1978. Although focused on China, the work deals with issues such as those involving the sustainability of tourism, and convergence and divergence in regional tourism development.
Growing economic globalisation has increased international business competition and international economic interdependence. From this perspective, many firms have formed business partnerships and most nations have had to re-evaluate their economic interdependence. This book explores changes that have occurred or have been proposed in this regard. It provides new insights into business partnerships and international economic interdependence, given growing economic globalisation, and explores the managerial and socio-economic consequences of those ideas. The contributions in this book have been divided into four parts. Those in Part II concentrate on the specification of partnerships and reasons for business partnerships in the context of a globalisation. The idea of global networks in which some "hard" and "soft" forms of partnerships would appear and mix is introduced and discussed according to the partners involved (nations, unions, firms and consumers) and the economic activities (whether tangible or abstract). Globalisation also has a number of consequences for business co-ordination, in particular when they are based on outsourcing strategies in which cost reduction is balanced with knowledge transfers. These are amongst the issues explored in Part III. The difficulty to monitor and predict the effects of global partnerships tends to increase the importance of cultural and psychological variables such as trust and commitment. Therefore the role of attitudes and perceptions is very important. Whatever the agreement and the conjoined management among partner firms, the attitude of the other agents can produce asymmetric affects on these firms and considerably bias their partnership strategy. Such biases are particularly likely from consumers. Their attitude towards globalisation is not the only bias that may occur. Their loyalty is also an important issue in a globalising world, particularly in the service sector where lots of partnerships have been made on a global scale (eg banks, airlines, leisure). These are amongst the relationship marketing issues explored in Part IV. In Part V, the factors introduced in the previous chapters are considered from a regional and cultural perspective, where nations and regions themselves are engaged in global partnership. In this context, discrepancy often develops between the domestic and the international globalisation strategies, as well as between the capital and labour markets. The resulting complexity is particularly problematic for the developing and peripheral economies. Novel insights about partnership emerge, as studied in this concluding part of the book.
This book tackles the two edge sword of non consumptive wildlife tourism: on net does it add to or detract from species conservation? The book does so with a treasure trove of original survey research on the supply and demand for wildlife tourism on both public and private lands from Antarctica to rainforests to marine wildlife. The economic analysis is one of the first to apply new behavioral economics to analyzing tourists' choices.' John Loomis, Colorado State University, US 'Does nature-based tourism help or hinder biodiversity conservation? The answer provided by this authoritative volume is that it depends on context and type of tourism and is no easy panacea. Indeed it can result in an under supply of nature conservation from an economic point of view. This book provides an excellent synthesis, supported by case studies, of the tourism conservation trade off problem, it will appeal to both academic and practitioner audiences.' R. Kerry Turner, CBE, University of East Anglia, UK 'This book encapsulates a lifetime's scholarly work between the authors. It sets out the platform upon which nature-based tourism may be discussed and debated, which it then enriches by a series of case examples, mostly drawn from personal experience. In doing so it performs a valuable service to all interested in this field by capturing those detailed insights into nature-based tourism that are often only acquired by experience.' Stephen Wanhill, Editor, Tourism Economics 'In today's world, even nature seems to have to pay its own way. Nature-based Tourism and Conservation provides detailed real-life examples of how this is working in various parts of the world, from rainforests to Antarctica, and how the tradeoffs can best be measured. Clem Tisdell and Clevo Wilson provide a unique economic perspective to the various issues involved, providing practical illustrations of how others can incorporate the various ways of considering costs and benefits when deciding how to define the role nature-based tourism when planning conservation measures. This book will be useful to a wide range of audiences, from national protected area agencies to private land-owners who are establishing their own nature-based tourism enterprises.' Jeffrey McNeely, International Union for Conservation of Nature, Switzerland Nature-based Tourism and Conservation unearths new or neglected principles relevant to tourism and recreational economics, environmental valuation and economic theory. Its three parts have chapters on nature-based tourism and its relationships to conservation including case studies dealing with the consequences of World Heritage listing of natural sites, Antarctic, subtropical and tropical national park-based tourism and an NGO's conservation efforts modelled on ecotourism. The final part focuses on tourism utilizing particular wildlife, including sea turtles, whales, penguins, royal albatross, glow-worms and tree kangaroos.
The new and updated edition of Microeconomic Policy provides an excellent blend of theory and application to foster understanding of economic-based policy making. The book is eclectic in its approach and addresses a rich set of current applications. It is an ideal book for teaching microeconomic-based policy analysis to students. Todd Sandler, University of Texas at Dallas, US Designed for students who have already encountered the microeconomic principles, this valuable text focusses effectively on their policy implications, imbuing the apparently dry theory with its insights for the general welfare. William J. Baumol, New York University, US and Princeton University, US A distinctive feature of this book is the application of microeconomics to public policy. As to be expected given the international reputation of the authors there is a thorough treatment of global environmental policies, including the Stern Report, and a very useful chapter on issues of defence, conflict and terrorism. What this text offers, and most competing books do not is the breadth of coverage. In this revised edition we have integration into the topics of advances in behavioural, evolutionary and Austrian economics. The relevance to business management and government policy of the material presented makes the subject come alive in application. . . a refreshing change from the curve-shifting that dominates traditional microeconomic texts which turns-off so many of our students and prevents them from seeing the crucial importance of economics to almost every aspect of our well-being. John Lodewijks, University of Western Sydney, Australia This thoroughly accessible textbook shows students how microeconomic theory can be used and applied to major issues of public policy. In this way, it will improve their understanding of both microeconomic theory and policy and also develop their ability to critically assess them. Clem Tisdell and Keith Hartley have expanded upon their previous successful work on microeconomics. As a result, this new book is considerably updated with substantial chapter revisions, as well as new chapters dealing with business management, ownership, environmental issues, public choice, defence, conflict and terrorism. Promoting a thorough understanding of this complex yet fundamental topic, Microeconomic Policy: A New Perspective will undoubtedly prove an invaluable textbook for all students, academics and researchers of economics and public policy.
Social, political, economic and constitutional developments are considered as well as the evolution of science and arts in the development process. This is in accordance with the Sri Lankan tradition of seeing the world as a connected whole."--BOOK JACKET.
A title in The New Horizons in Environmental Economics series, this is a guide to appropriate policies for environmental management and sustainable development. The topics covered include project evaluation and policies to control environmental spillovers, pollution contol policies, recent policy proposals for caring for the Earth and project appraisal and sustainability.
The major challenges facing South Asia to achieve sustainable development are investigated, using case studies and applying new points of view in economic thought about the connection between development and the environment. After reviewing economic perspectives on development and the environment and South Asia's situation, particular issues such as depletion of natural resources and land degradation, the environmental impacts and consequences of extending markets, of technological change and property rights are examined. Environmental change and employment, income distribution and poverty, population growth and urbanisation are considered.
This volume combines economics and ecology in a penetrating examination of the natural resources and environmental issues arising from economic growth, development, and change. The author focuses particular attention on the environmental consequences of economic change and argues that the management and conservation of biological resources is a requirement for sustainable economic growth. By setting traditional economic issues within their wider environmental context and covering issues not ordinarily addressed by economists, Tisdell offers an important new perspective on the problem of resource scarcity. He examines the two conflicting viewpoints on the magnitude of the problem--those who argue that technological progress will make scarcity of natural resources less important and those who argue that economic growth can only be expected to intensify scarcity--suggesting a reasonable course of action that will allow acceptable levels of economic growth while protecting important natural resources. Tisdell's work will be useful both as a supplementary text for courses in development or environmental economics and as recommended reading in biology, environmental studies, and ecology programs. Following an introduction which covers basic issues in resource scarcity, along with growth and development, the author addresses the major economic, ethical, and ecological issues involved in the conservation of biological resources. He goes on to examine concepts and changing views of sustainable economic growth, production, and development. Subsequent chapters explore such topics as conservation in less developed countries and the economic pressures that hinder conservation efforts, differing views on depletable resources as limits to growth, rural-urban migration and its effects on labor allocation, and foreign assistance to resource-poor developing countries. A case study of wildlife on New Zealand's Otago Peninsula is particularly useful in illustrating the economics of biological conservation. Throughout, Tisdell concentrates on providing a reasoned, balanced assessment of the impact of economic growth and change on the natural environment that will be an important resource for proponents on both sides of the environment versus development debate.
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