How does wildlife trade affect the economy?

Wildlife trafficking threatens the survival of some of Earth’s most iconic species. Wildlife trafficking undermines legal trade, with a devastating effect on local economies. Communities are deprived of income through tourism, and governments are deprived of the taxes they rely on.

How does wildlife affect the economy?

Benefits accrue from hunting, recreational activities, food, and other ecosystem services. … However, wildlife also provides a source of recreational benefits and income, where hunting and animal viewing can generate significant profits (Barnes et al. 1999; Hofer 2002).

How does wildlife trafficking impact the economy?

Wildlife crime undermines the economic prosperity of countries and communities in the region, deteriorating their natural capital, social stability and cohesion, and threatening sustainable economic development, including the erosion of benefits derived from legal nature-based enterprises like tourism.

What are the impacts of wildlife trade?

Trafficking in wildlife can diminish species populations and cause local or even global extinction. When endangered species are involved, any poaching or harvesting of that species to supply the illegal trade risks the species becoming extinct.

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What are the benefits of wildlife trade?

It can support the survival of traditional knowledge and culture, return equitable benefits from nature conservation to local communities, and help finance basic needs, such as healthcare and education.

Why is wildlife important to the economy?

are of tremendous economic value. Wildlife provides us the raw and basic material to start any industry , factory etc for our earnings . Wildlife is also considered to be the one of the greatest factor for increase and better development of word trade and increase in national income.

What is an economic benefit of wildlife?

Preservation of open space, trails, parks and greenways creates jobs, enhances property values, expands local businesses, attracts new or relocating businesses, increases local tax revenues, decreases local government expenditures through the natural provision of ecosystem services, decreases the cost of recreation and …

How does illegal trade affect economic development?

In some cases, illicit trade undermines achievement of the macro-economic and societal goals. For instance, the crowding-out effect of illicit trade drains revenue and growth potential from the legal economy and robs governments of taxable income that can be used for development (SDG 1 & SDG 8).

What is wildlife trade why it is harmful?

Wildlife trade can also cause indirect harm through:

Introducing invasive species which then prey on, or compete with, native species. Invasive species are as big a threat to the balance of nature as the direct overexploitation by humans of some species.

Why is wildlife trade harmful?

Illegal wildlife trade contributes to habitat destruction, which removes necessary buffer zones between humans and wild fauna, making it more likely that animal pathogens come into contact with people. … We know that many emerging infectious diseases in recent times have originated in wild animals.

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What is the impact on wildlife?

Habitat loss, climate change, and a lack of biodiversity can all make ecosystems unhealthy, putting wildlife at greater risk for disease. Every day the byproducts of our daily lives make their way via the air and water into the natural environment and become pollutants.

Why is wildlife trade illegal?

Why do we need to end illegal wildlife trade? Wildlife trade involves hundreds of millions of wild plants and animals from tens of thousands of species. To reduce wildlife trafficking, which, when unmonitored and unregulated could create the risk of zoonotic diseases.

What is meant by wildlife trade?

Wildlife trade refers to the commerce of products that are derived from non-domesticated animals or plants usually extracted from their natural environment or raised under controlled conditions. It can involve the trade of living or dead individuals, tissues such as skins, bones or meat, or other products.

What is increasing wildlife trade?

Wildlife trade escalates into a crisis when an increasing proportion is illegal and unsustainable—directly threatening the survival of many species in the wild. Stamping out wildlife crime is a priority for WWF because it’s the largest direct threat to the future of many of the world’s most threatened species.

Which wildlife products are traded illegally?

In India, it includes diverse products including mongoose hair; snake skins; Rhino horn; Tiger and Leopard claws, bones, skins, whiskers; Elephant tusks; deer antlers; shahtoosh shawl; turtle shells; musk pods; bear bile; medicinal plants; timber and caged birds such as parakeets, mynas, munias etc.

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How does trade for biomedical research affect wildlife?

The wildlife trade poses a major threat to wild animals across the globe. The trade puts a price tag on species, leading to unsustainable population declines and causing undue pain and distress to animals killed for their body parts or smuggled long distances for the pet trade.