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Essay / The Collapse of Biodiversity - 766
The expansion of free trade, known as globalization, promotes global awareness and stimulates economic growth. However, the rise of economic liberalism, which promotes the idea of focusing on economic profit and seeking short-term gains, has negative impacts on the environment (Hansen, 2010). Multinational corporations, as a production of liberal economic ideas, lead to overexploitation and potential pollution, as companies tend to outsource to countries with weak environmental protection (Hansen, 2010). Therefore, the main environmental cost of globalization is habitat loss and degradation, which further leads to the accelerated extinction of wildlife species and the collapse of biodiversity. Thus, protected terrestrial areas and international agreements are necessary to preserve habitat and halt biodiversity loss. The collapse of biodiversity is said to be one of the most serious problems resulting from globalization. As noted by Scholte(cited in Hansen, 2010), the rate of extinction has increased exponentially since 1995. According to Leakey & Lewin(cited in Hansen, 2010), unregulated trade and Encouraged consumption has negative impacts on biodiversity loss and dramatically increased extinction rates. Furthermore, biodiversity is fundamental for economic growth and around 40% of trade is based on organic products (Gabriel, 2007). Furthermore, it would be extremely costly to reduce extinction rates or halt biodiversity loss if the ecosystem has declined to an unsustainable level (Shah, A, 2014). It is therefore urgent to preserve biodiversity, both from an economic and environmental point of view. Since habitat loss is considered one of the most important problems...... middle of paper ......sity "fundamental" to the economy. Retrieved from: http://news.bbc.co.uk/2/hi/science/nature/6432217.stmHansen, L. (2010). Linking globalization and extinction rates: a statistical analysis of the effects of globalization on biodiversity. Hinckley Journal of Politics, 11. Naughton-Treves, L., Holland, M.B. and Brandon, K. (2005). The role of protected areas in conserving biodiversity and maintaining local livelihoods. Ann. Rev. Approximately. Resour., 30, 219-252. Secretariat of the Convention on Biological Diversity (2010), Global Biodiversity Outlook 3. Montreal, 94 pages. Shah, A. (2014). Biodiversity loss and extinctions. Global problems. Retrieved from: http://www.globalissues.org/article/171/loss-of-biodiversity-and-extinctionsStolton, S. and Leverington, F. (2006). Effectiveness assessment: a framework for assessing the effectiveness of protected area management. IUCN