The Decline of Coral Reefs: a Political Economy Approach

Coral reefs provide economic services like job, food and tourism. Yet, within the past decades, there has been an overwhelming decline in the vitality of coral reefs and their ecosystem. Scientist have not be able to set the record straight regarding their scientific argument on biodiversity and ecological wealth of natural environment. Therefore, actions to recover coral reefs from destruction have proved futile. This paper will analyze the economical values, economic valuation, socioeconomics of coral reefs, and propose an approach at the end of the paper by looking through the eyes of the political economist. This record was migrated from the OpenDepot repository service in June, 2017 before shutting down.