Common access resources - activities
Read the article A solution can never manifest itself if it comes at the cost of other party and answer the following questions.
Define the term 'common pool resources'
Outline two reasons why the fishing resources in the Palk Straits and the Gulf of Mannaw can be described as a common pool resource.
Explain, how the governments of Sri Lanka and India are limited in their responses to the threat to sustainability of their fishing stocks, by the global nature of the fishing resources.
Using diagrams and information from the article and your knowledge of economics, evaluate the extent to which the government of Sri Lanka can address the issue of conservation and management of its fish stocks through cooperation with the Indian government.