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26 Law & Pol'y Int'l Bus. 303 (1994-1995)
Wildlife Utilization: A New International Mechanism for the Protection of Biological Diversity

handle is hein.journals/geojintl26 and id is 313 raw text is: WILDLIFE UTILIZATION: A. NEW INTERNATIONAL MECHANISM FOR THE PROTECTION OF BIOLOGICAL DIVERSITY VICTOR M. MARROQUIN-MERINO* To the Memory of Francisco V. Garcia-Amador, Professor and Friend Conserving biological diversity is not simply a matter of establishing protected areas and rescuing threatened species. Though clearly essential, protecting species often does not meet people's (and nations') short-term needs and consequently may not withstand the pressures of population growth and resource exploitation. Biodiversity must also be studiedfor its role in the biosphere and potential use, and used through sustainable management systems that provide forfuture as well as present human needs. WALTER V. REID WORLD RESOURCES INSTITUTE The only way to save biodiversity in a country facing growing development pressures is tofind nondestructive ways to use it. LESLIE ROBERTS SCIENCE INTRODUCTION ...................................... 305 I. ECONOMIC FOUNDATIONS OF WILDLIFE UTILIZATION ....... 318 A. The Theory of Comparative Advantage ............. 321 B. Foreign Exchange and Export Diversification Requirements .................................. 322 C. Recent Resurgence in Biotechnological Research ..... 322 II. THE RIO CONVENTION ON BIOLOGICAL DIVERSITY: RECOGNIZING THE ECONOMIC VALUE OF BIOLOGICAL D IVERSITY ....................................... 324 A. Background on the Biodiversity Convention ......... 324 B. The Travaux Pr~paratoires ....................... 325 C. Evaluating the Potential for U.S. Participation ....... 333 * Associate, Baker & McKenzie, Chicago; LL.M., Harvard Law School; A.B.,J.D., University of Miami; Staff Member, Legal Department, International Monetary Fund, Washington, DC (1993). The author wishes to thank Professor Detlev F. Vagts and Vice-Dean David N. Smith of Harvard Law School for their ivaluable advice during the completion of this article. Friends includingJos6 Amado, Miriam Bottger, Donald Marron, Edgardo Rotman, Stephen Schnably, and Paul Slocomb provided inspiration and advice, as well as valuable comments. Diana Frausto and Carol Peterson contributed excellent word processing assistance.

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