Common Pool Resources

This book adds to the debate on the effects of covenants on third-party creditors (externalities), which have recently become a focus of discussion in the contexts of bankruptcy law, corporate law and corporate governance. The general thrust of the debate is that negative effects on third-party creditors predominate because banks act in their own self-interest.

This book synthesizes the conceptual and applied aspects of rural livelihoods as a discipline, and collates the analytical frameworks and approaches that have been designed, applied, and discussed over the last five decades. These include the sustainable livelihoods approach with its vulnerability-asset construct, collective governance of common pool resources, livelihood trajectories and poverty dynamics, rights-based approach and social justice, graduation approach for the ultra-poor, and the resilience framework to address complex risks. The book is divided into three parts, namely: introduction to rural livelihoods; synthesis of the present state of knowledge; and strengthening the knowledge action pathway. At the end of each chapter, a set of class exercises is provided to bring about a deeper understanding of these approaches and their application in real-life situations.