GEOG203 Lecture Notes - Lecture 2: Garrett Hardin, Rand Corporation, Conflict Resolution
1 Jun 2016
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Geog 203 growth and the tragedy of the commons. Market failure production or exchange of a good/service is not efficient due to monopoly, monopsony or uncontrolled externalities (costs that are often not factored into prices of goods or services). True cost- accounting considering all the external costs factored out of the cost of food helping consumers understand the real cost of the products they buy (ex. Environmental problems stress the power of consumer demand for environmental conditions. Price premiums organic, fair trade, foods gone mainstream. Voting with your dollar (citizens have the power to change government) Third party monitoring of productions standards are typically extensive regulations and monitoring. Proliferation in global trade of eco-friendly goods = confusion for consumers. Intergovernmental panel on climate change give the scientific and underground knowledge on climate change, raising sea levels and global temperatures expected.
