Meanwhile, Dwight R. Lee (writing in The Independent Review, 2001) points to a situation where a powerful environmental group (Audubon Society) has cooperated with an energy company and both have profited. Free market environmentalism has shown the way for profits and preservation at the same time in this case. The Audubon Society (AS) owns the 26,000-acre Rainey Sanctuary in the swamps of Louisiana, and while the group is opposed to oil drilling and gas drilling in 99 out of 100 cases, the AS has "been willing to accommodate the interests of those whose priorities are different" (Lee, p. 219). Those interests include allowing thirty-seven wells to be exploited for oil and gas in the Rainey Sanctuary.
According to Lee, the AS has received royalties of more than $25 million from those 37 wells, and in the meantime the technology used in the oil and gas development has prevented any spills or other despoliation. Do not conclude that the AS has "acted hypocritically by putting crass monetary considerations above its stated concerns" for the protection of the natural world and its wildlife, Lee asserts (p. 219). Lee, Professor of Economics at the University of Georgia, views the AS -- because of its ownership of Rainey Sanctuary -- is part of an "extensive network of market communications and cooperation." This allows the AS to "do a better job of promoting its objectives by helping others promote theirs" (p. 219). "Money talks," Lee reminds readers; and indeed the consumers of the oil and gas from Rainey communicate the value they receive from those resources by paying the price the energy company charges. And those "market prices" for the oil and gas in effect are communicating to the Audubon Society -- owners of the land -- through the money the oil and gas companies are willing to pay to drill on that land.
Buy accepting $25 million from the royalties of the oil and gas the Audubon allows to be exploited from their property, the AS can then "purchase additional sanctuaries" to be preserved for habitat and the wildlife that flourishes in that habitat. However, Lee mentions that this deal was possible because the Audubon has ownership of the Rainey property. When...
Talent Management Discuss how the economic environment has influenced the need for talent management practices. The current economic environment is one that is knowledge-based rather than agrarian or industrial (Friedman, 2005); talent management agents working in modern society have to recognize that even now while they focus on knowledge they must shift their attention to conceptual ideas; wider audiences must be targeted. Friedman suggests than talent managers must focus on a "post-knowledge,
New Invention Business Environment Legal, Social, and Economic Environments of New Product Development There are three basic forms in which of businesses can be organized: sole proprietorships, partnerships, and corporations. There are also many different versions of each form. For example, there are many different kinds of corporations. However, based on the scenario represented for the individual who has an idea for a product a sole proprietorship would most likely represent the ideal
While a cut down in budgets is inevitable, however, libraries should also try to increase their revenues. This can be achieved by promoting more subscriptions and grants through increasing dependency on technology (Budd 2005). A library might be able to attract grants if it goes digital. The director or management can make a presentation to convince the relevant authorities about how their grant will increase the library's productivity. This will
Economic Development and Trade In an era of increased globalization and advancements in technology, it has become increasingly important for all of the nations of the world to keep bringing improvements in their economic infrastructure and to expand their businesses on the global scale. It has been observed that without a reasonable level of economic development any country cannot gain a competitive position in the world market. This is the dilemma
Economics Growth The retailer sector was lately affected by the back-to-school shopping season, which did not start so well, as midprice department stores, discounters and specialty-apparel retailers announced disappointing sales results during August, which reinforced the already much debated concerns that consumers are not comfortable with the current state of the economy and are reluctant to consume, considering the shaky and uneven economic recovery. However, luxury department-store chains managed to post significant
In fact, Brierly and Costello bring into the argument the three variables commonly associated with industry growth -- labor, Capital, and Technology. Brierly and Costello used time series regression to test each of these variables in order to determine which made the largest impact on state economic growth, while holding the caveat that states should be careful when considering these variables as they do not have much control over
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now