The collapse of biodiversity

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The expansion of free trades, as known as globalization, promotes global awareness and stimulates the economic growth. However, the increase in economic liberalism, which promotes the notion to focus on economic profit and to pursue short-term gains, brings negative impacts on the environment (Hansen, 2010). Multinational corporations, as a production of economic liberal ideas, result in over-exploitation and potential pollution because companies tend to outsource to the countries with weak environmental protections (Hansen, 2010). Consequently, the principal environmental cost of globalization is habitat loss and degradation, which further leads to the accelerated extinction of wild species and the collapse of biodiversity. Thus, terrestrial protected areas and international agreements are necessary to preserve habitat and halt biodiversity loss.

The collapse of biodiversity would be one of the most serious issues that result from globalization. As remarked by Scholte(as cited in Hansen, 2010), the extinction rate has been exponentially increasing since 1995. According to Leakey & Lewin(as cited in Hansen, 2010), it is believed that unregulated trades and encouraged consumption have negative impacts on the loss of biodiversity and dramatically increased extinction rates. Moreover, biodiversity is fundamental to economic growth and approximate 40% of trades are based on biological products (Gabriel, 2007). In addition, it would be extremely costly to reduce extinction rates or halt biodiversity loss if the ecosystem has declined to an unsustainable level (Shah, A, 2014). Therefore, it is urgent to preserve biodiversity from both economic and environmental perspectives. Since habitat loss is considered as one of the most signific...

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...sity 'fundamental' to economics. Retrieved from: http://news.bbc.co.uk/2/hi/science/nature/6432217.stm
Hansen, L. (2010). Linking Globalization and Extinction Rates: A Statistical Analysis of the Effects of Globalization on Biodiversity. Hinckley Journal of Politics, 11.
Naughton-Treves, L., Holland, M. B., & Brandon, K. (2005). The role of protected areas in conserving biodiversity and sustaining local livelihoods. Annu. Rev. Environ. Resour., 30, 219-252.
Secretariat of the Convention on Biological Diversity (2010), Global Biodiversity Outlook 3. Montréal, 94 pages.
Shah, A. (2014). Loss of Biodiversity and Extinctions. Global Issues. Retrieved from: http://www.globalissues.org/article/171/loss-of-biodiversity-and-extinctions
Stolton, S., & Leverington, F. (2006). Evaluating Effectiveness: A framework for assessing management effectiveness of protected areas. IUCN

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