This paper revisits the debate about communal management of natural resources and brings together various issues confronting it. Much of the criticism against common property regimes stems from an incorrect modeling of a common property situation, and misunderstandings about the terms and their...

This paper critically reviews Garrett Hardin’s “The Tragedy of the Commons”. Hardin’s thesis about the impossibility of collective action for achieving mutually beneficial outcomes in a group setting has divided scholarly community ever since its publication in 1968, while its most...

The relationship between export expansion and economic growth has been examined extensively during the last two decades in the context of the suitability of the alternative development strategies. The decade of the 1970s witnessed an emerging consensus in favour of export promotion as...