Question

In: Economics

how is tragedy of commons relevant to hlobal environmental issues, how might countries adress a peoblem...

how is tragedy of commons relevant to hlobal environmental issues, how might countries adress a peoblem that resembles tragedy of commons, use specific environmental issue

Solutions

Expert Solution

Tragedy of commons takes place when individuals work as per their self interests and collective spoil the resources. In the same way, global environmental issues have developed when nations make policies that are conflicting and popular ( among people) in nature. It brings damage to the environmental conservation, pollution, loss of forest areas and it led the development of global environmental problems. So, there is a big relevance and similarity between the tragedy of commons and global environmental issues, as it has at least one common fact that is self interest. It makes tragedy of common as the micro form of global environmental issue. It makes tragedy of common to be relevant to the global environmental issue.

Countries take policy initiatives that work in a similar way to solve global issues, are also used to solve the problem of the tragedy of commons. For example, one global issue is rising pollution level and increase in temperature of earth. This problem  shows a guideline to resolve the problem of the tragedy of commons. To solve the rising pollution level at domestic level,  government issues directives to control the use of specific type of fuels, vehicles, and other factories that release harmful gasses and increase the pollution level. At international level to resolve the problem, the ban on CFC (Chloro Flouro Carbon)  is also on the same basis that created a hole in the Ozone layer. So, government at domestic level takes a clue from the initiatives takes to resolve the global issues.


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