Preservation Vs Development: The Social Planner’s Problem Flashcards

1
Q

Developed vs developing countries view on forests

A

Developed: forests should be preserved, as they provide important ecosystem services (explained earlier)

Developing: forests should be exploited for economic development e.g for infrastructure projects

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2
Q

Social planners options (3)

A

Preserve land

Exploit in sustainable manner: optimal forest management>extraction of timber and non-timber products

Clear-cut: clear land entirely

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3
Q

How does the social planner then make the choice

A

Chooses most profitable option /greatest net benefit

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4
Q

What else do we need to consider

A

Total economic value- to know what we are at risk of losing if forests are destroyed.

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5
Q

What does TEV look at

A

Use value and non-use value

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