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Overexploitation often occurs rapidly as markets open, utilising previously untapped resources, or locally used species. The Carolina parakeet was hunted to extinction. Today, overexploitation and misuse of natural resources is an ever-present threat for species richness.
Economic gains from natural resources are mostly beneficial when directed towards initiatives such as job creation, skill enhancement, capacity building, and pursuit of long-term developmental objectives. Thus, reliance on one or more natural resources holds financial risk when aiming for a stable economic growth. [28]
Causes of environmental crime include economic incentives, regulatory factors, and social/cultural factors. Illegal activities are driven by regulations creating cost differentials between legal and illegal products, compliance costs in different countries, demand for scarce products, and lack of concern for the environment.
The resource curse, also known as the paradox of plenty or the poverty paradox, is the hypothesis that countries with an abundance of natural resources (such as fossil fuels and certain minerals) have lower economic growth, lower rates of democracy, or poorer development outcomes than countries with fewer natural resources. [1]
Natural hazards are excluded as a cause; however human activities can indirectly affect phenomena such as floods and bush fires. This is considered to be an important topic of the 21st century due to the implications land degradation has upon agronomic productivity , the environment, and its effects on food security . [ 75 ]
One of the main consequences of extractivism is the toll that it takes on the natural environment. Due to the scale extraction takes place on; several renewable resources are becoming non-renewable. [3] This means that the environment is incapable of renewing its resources as quickly as the rate they are extracted at. [3]
Ecocide (from Greek oikos "home" and Latin cadere "to kill") is the destruction of the environment by humans. [1] Ecocide threatens all human populations who are dependent on natural resources for maintaining ecosystems and ensuring their ability to support future generations.
A long-term pattern of overconsumption in any given region or ecological system can cause a reduction in natural resources that often results in environmental degradation. However, this is only when applying the word to human impacts on the environment. When used in an economic sense, this point is defined as when the marginal cost of a ...