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Property Rights and Social Norms for Managing the Commons

Karimi, Abdul Matin and Delgado, Abraham García and Soliman, Ashrakat El-Amir and Sánchez Ramos, Karen Melissa (2020): Property Rights and Social Norms for Managing the Commons.

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In many of the developing countries, dependency on natural resources is significantly high. From peasants to fishermen and farmers, all of them earn their living from the utility of renewable natural resources such as water, air, farming land, forest, plants, animals and grazing areas (Heltberg, 2002). Given the importance of natural resources for many of the developing countries, it is important to address the issues like the tragedy of the commons, climatic change, pollution, and unsustainable usage of natural resources which might lead to rural poverty, food insecurity, and high rural-urban migration (Heltberg, 2002). Among the major factors mentioned above, this essay will focus on tragedy of the commons, property rights, and natural resource management in developing countries.

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