Paper 1 real-world example: Common pool resources and market solutions
The scale of unregulated fishing in a disputed region close to the Falkland Islands (Malvinas in Argentina) in the South Atlantic has reached an unsustainable level that is threatening fish populations and the biodiversity in the area. The ocean area is known as the ‘Blue Hole’, a stretch of the south Atlantic Ocean lying approximately 300 kilometres off the coast of Argentina and north of the Falkland Islands, and...