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International donors and private citizens have invested billions of dollars to protect biodiversity in developing nations. The most popular investments aim to encourage economic activities that indirectly protect ecosystems and species. An alternative form of investment is to pay directly for conservation outcomes, as is commonly done in high-income nations. While not a "silver bullet," direct approaches may, in many cases, be more effective and efficient than indirect ones, and thus merit greater attention in developing nations.
P. J. Ferraro is with the Department of Economics, Andrew Young School of Policy Studies, Georgia State University, Atlanta, GA 30303-3084, USA. E-mail: pferraro{at}gsu.edu A. Kiss is at the Environment and Social Development Unit, The World Bank, Washington, DC 20433, USA. E-mail: akiss{at}worldbank.org
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[DOI: 10.1126/science.299.5615.1981b] |Full Text »|PDF »
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