Indigenous economics
Indigenous economics is a field of economic study that explores the economic systems, practices, theories, and philosophies unique to indigenous peoples.[1] This approach to economics examines how such groups understand, interact with, and manage resources within their specific cultural contexts.[2] Indigenous economics puts emphasis on communal values, sustainability, and connection with land and environment.[3][4]
History
Indigenous economics emerged in the latter half of the 20th century as scholars attempted to gain a broader understanding of the ways actual economies operated in places that had not adopted markets or government control as the primary approach to managing economic activity.[5][6] Globalization, colonialism, and sustainability are among the economic trends that affect such contexts.[7][8]
Concepts
Indigenous economics is rooted in the beliefs, norms, and values of individual indigenous communities. Certain concepts often arise:[7][9][10]
- Communal ownership and resource management: Resources such as land and water are often managed communally, with an emphasis on collective responsibility and stewardship.[11]
- Sustainability and long-term planning: Indigenous economic systems typically prioritize sustainability and ecological balance. Economic decisions consider long-term impacts on the community and the environment.
- Reciprocity and redistribution: Economic interactions often involve principles of reciprocity and redistribution.
- Holistic Approach: Indigenous economics consider economy activity in the context of cultural, spiritual, social, and environmental concerns.
See also
References
- S2CID 264545435.
- ISSN 2073-445X.
- ISBN 978-0-19-976656-7, retrieved 2023-10-07
- ISSN 0810-5391.
- JSTOR j.ctt1d10hpt.
- S2CID 157443835, retrieved 2023-10-07
- ^ ISBN 978-0-8165-3345-9.
- ^ Gittos, Annette; Goodacre, Dana (2022). Unlocking Indigenous Peoples' Economic Potential in the AsiaPacific Region for a More Inclusive Recovery (PDF). Ministry of Business, Innovation and Employment, New Zealand. pp. New Zealand.
- ISBN 978-1-78811-579-7, retrieved 2023-10-07
- ^ Schulze, Hillmarè; Hurren, Konrad; Riley, Hannah (2021). Case Studies on Advancing Inclusive Economic Growth: Understanding and Valuing Indigenous Economies within APEC (PDF). Business and Economic Research Limited (BERL).
- ^ Swiderska, Krystyna. "Here's why Indigenous economics is the key to saving nature". International Institute for Environment and Development. Retrieved 2023-10-07.