Use Of Common Property To Address The Commons Problem

NameProfessorCourseDateUse of Common Property to Address the Commons ProblemThe world economy, like any system, is characterized by non-linearity, lag, complexity, cyclic development, lack of clear boundaries and other similar properties. Such characteristics of the system cannot be changed, but it is possible to learn how to determine its behavior by examining issues related to changing the structure, information flows, obstacles, goals, the movement of material and information flows, and the impact of these factors on individual participants and areas of the global economic system. Systemic problems can be different, some of them are unique, but most of them are similar to each other. Therefore, in the theory of systems of this kind, such similarity is called system traps. Among such system traps, the tragedy of the commons can be mentioned. Its essence lies in the fact that when a resource is in public ownership, each consumer receives benefits from its use. But on the scale of the world economy, the feedback about the state of a resource to consumers is very weak. The resource is intensively used and eventually depleted, which, as a result, makes it inaccessible to all. Today, along with the processes of globalization and regionalization, and