Environmental Politics and Policy
Common-pool resources theory refers to a framework that explores how shared resources, such as water, fisheries, and forests, are managed and utilized by multiple users. It highlights the challenges that arise when individuals act in their self-interest, often leading to over-exploitation and depletion of these resources, a phenomenon known as the 'tragedy of the commons'. This theory is crucial for understanding conflicts and cooperation over transboundary water resources where multiple countries share and depend on the same water sources.
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