Harvesting Harmony: A Tripartite Study of Resource Extraction, Economic Games, and Legal Histories
| Author(s) | Akram, Humayoun | |
| Date Accessioned | 2024-10-29T16:44:04Z | |
| Date Available | 2024-10-29T16:44:04Z | |
| SWORD Update | 2024-10-13T19:04:56Z | |
| Abstract | This dissertation investigates the interplay between economic progress and resource extraction, emphasizing the role of natural, human, and capital resources in driving economic output. Historically, ecosystems constrained economic growth, but advancements in technology and human behavior have facilitated increased productivity and settlement. However, exponential economic growth, particularly post-World War II, has intensified pressure on natural ecosystems, posing significant sustainability challenges. This study employs various methodologies and case studies to examine the complexities of the resource extraction industry and its socio-ecological and socio-economic impacts. Chapter two provides a global perspective on the economic dynamics of resource extraction, highlighting how increased material consumption exacerbates environmental pressures and socio-economic disparities. The concept of the resource curse, which posits that resource-rich regions often experience poor development outcomes, is critically analyzed. Contrary to this hypothesis, some local communities benefit from wealth gains, although many mining operations occur in water-stressed areas, underscoring the need for tailored policies. Chapter three delves into the U.S. hydraulic fracturing industry, exploring its dual impact on energy security and environmental degradation. Legal institutions' role in mediating conflicts and the importance of transparent, science-based policymaking are emphasized. A theoretical framework is proposed to leverage science constructively, fostering trust and cooperation between stakeholders. Chapter four uses experimental economics to test strategies for conflict resolution, focusing on apology, compensation, and communication. The findings reveal communication as the most effective strategy, with personality traits influencing the efficacy of different approaches. Overall, this dissertation highlights the importance of aligning economic development with environmental sustainability and equitable progress. By integrating human behavioral insights and employing experimental economics, it proposes strategies for harmonizing human progress with ecological health, advocating for informed, collaborative efforts in policymaking. | |
| DOI | https://doi.org/10.58088/9c91-8n11 | |
| URL | https://udspace.udel.edu/handle/19716/35479 | |
| Language | en | |
| Title | Harvesting Harmony: A Tripartite Study of Resource Extraction, Economic Games, and Legal Histories |