RESOURCE MANAGEMENT DECISIONS (CONSIDERATIONS) (Economics &Financial…
RESOURCE MANAGEMENT DECISIONS
Social and Cultural
Education & Income
level of poverty
Characteristics of affected people
towns or villages
accessible or inaccessible areas
urban area or rural area
Political & Institutional
who is in charge of the resource?
Who manages the resource?
How the resources are administered?
Existing political influences & sensitivities
Existing Administrative Structures
where is the resource located?
Will the benefits be fairly distributed to all levels of society?
Who will benefit & how?
The expected benefits from resource use.
What is the expected cost to the environment – pollution, environmental degradation, loss to diversity?
How will the land use affect the society, local community, the local government & the state or the Country?
Sources of Funds
where would be the source of funding for the proposed resource use
is the proposed activity or resource exploitation economically viable?
Needs investment analysis prior to exploitation
biological life forms
forestry (hill forests, swamp forests, farmlands, wasteland)
Agricultural (intensive, commercial or traditional)
commercial & industrial or residential
soil types (geology)