Friday , December 15 2017
Home / Carpe Diem / Elephant economics: To save elephants, we should promote commercial use and encourage ivory markets and trophy hunting – Publications – AEI

Elephant economics: To save elephants, we should promote commercial use and encourage ivory markets and trophy hunting – Publications – AEI

Summary:
AEI Elephant economics: To save elephants, we should promote commercial use and encourage ivory markets and trophy hunting The video above — “Africans Demand Trade in Ivory Products” — was produced by the Ivory Education Institute, a nonprofit public benefit association dedicated to enhancing understanding of the historic, practical and cultural importance of ivory. Here’s a key excerpt on the economics of poaching elephants and banning ivory trade: Outsiders insist that a ban on ivory trade will stop elephant poaching. It won’t. Poaching will end when demand is met through an open controlled ivory market. Bans only create scarcity. Scarcity increases prices and increased prices encourage poaching. To argue otherwise as outsiders do, defies the laws of economics. What is the Ivory

Topics:
Mark Perry considers the following as important: ,

This could be interesting, too:

Mark Perry writes Jeffrey Tucker on Trump enraging the center-left by defiling the sanctity of Big Government, the sacred religion of the progressive left – Publications – AEI

Mark Perry writes Tuesday evening links – Publications – AEI

Mark Perry writes The Candlemakers’ Petition: Revised and modernized for today’s climate of rising trade protectionism – Publications – AEI

Mark Perry writes Quotation of the day on the fallacy of weak productivity….. – Publications – AEI

AEI
Elephant economics: To save elephants, we should promote commercial use and encourage ivory markets and trophy hunting

The video above — “Africans Demand Trade in Ivory Products” — was produced by the Ivory Education Institute, a nonprofit public benefit association dedicated to enhancing understanding of the historic, practical and cultural importance of ivory. Here’s a key excerpt on the economics of poaching elephants and banning ivory trade:

Outsiders insist that a ban on ivory trade will stop elephant poaching. It won’t. Poaching will end when demand is met through an open controlled ivory market. Bans only create scarcity. Scarcity increases prices and increased prices encourage poaching. To argue otherwise as outsiders do, defies the laws of economics.

What is the Ivory Education Institute’s position on the US ban on importing elephant trophies? Its website features an article (“Trump’s decision on trophies from Zimbabwe elephant hunts bad for elephant conservation“) written by Emmanuel Koro, a Johannesburg-based international award-winning environmental journalist who has extensively covered conservation and development issues in African countries, here’s an excerpt:

United States President Donald Trump has delayed a rare and early Christmas gift that he recently presented to the Zambian and Zimbabwean people. By putting a halt on the lifting of the US ban on importing elephant trophies from the two countries into the US he has muddied the US policy waters.

The US is the world’s biggest hunting market and poor rural villagers in Zambia and Zimbabwe see their lives being significantly improved through money that the US hunters pay to hunt elephants. Hunting elephants is legal under strict permit systems in several African countries, and the revenue is crucial for supporting conservation efforts. The large fees that trophy hunters pay to be allowed to hunt elephants, lions and leopards can be a significant source of revenue. In Zimbabwe, according to the Safari Operators’ Association, the annual revenue from trophy hunting for this year could be as much as $130 million, mainly from the US market.

The southern African countries, including Zambia and Zimbabwe, practice wise and sustainable use of wildlife products such as elephant hunting trophies, ivory and rhino horn trade, to bring wildlife into balance with their habitats. Therefore, the US Department of Interior’s decision to suspend the US ban on elephant trophies from the two countries into the US was a breath of fresh air and good news for elephant conservation. Sadly, it only took a tweet from President Trump saying the ban would remain, “until such time as I review all conservation facts.” That review if done responsibly as we anticipate can only result in the reinstatement of his decision to allow imports of elephant hunting trophies into the USA because the motivating facts are strong, scientific and tested.

Bottom Line: As counter-intuitive as it may seem, if you are really serious about saving African elephants and stopping poaching, you have to support the commercial use of elephants, including trophy hunting and trading in ivory. Here’s the bumper sticker version — “Save the elephants, buy lots of ivory.” That’s what the Africans in the video above would tell you, and in fact they are demanding trade in ivory products!

Elephant economics: To save elephants, we should promote commercial use and encourage ivory markets and trophy hunting
Mark Perry

Mark Perry

Mark J. Perry is concurrently a scholar at AEI and a professor of economics and finance at the University of Michigan’s Flint campus. He is best known as the creator and editor of the popular economics blog Carpe Diem. At AEI, Perry writes about economic and financial issues for American.com and the AEIdeas blog.

Leave a Reply

Your email address will not be published. Required fields are marked *