Reference no: EM131680472

Common pool resources and some of the challenges we face in sustainably managing these very important natural assets. One challenge comes from the fact that access to these resources by one person diminishes the ability of another person to concurrently use the resources. In addition, another challenge comes from the fact that it is almost impossible to limit the access to these resources. Consequently, sustainably managing these resources often requires approaches that are innovative, flexible, and adaptable

In your initial post of at least 250 words, using the required resources and any additional credible resources that would enhance the strength of your argument, complete the following:

- Discuss if Forests is best managed by privatization or through collective action and why.
- Discuss how the concepts of rivalry and excludability affect the management of Forests.
- Select one of the following ethical principles and explain how it creates a dilemma when managing Forests:
Intergenerational equity
Precautionary principle
Sustainable development
Polluter pays