Indigenous economics explained

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]

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.^[4] Globalization, colonialism, and sustainability are among the economic trends that affect such contexts.^{[5] [6]}

Concepts

Indigenous economics is rooted in the beliefs, norms, and values of individual indigenous communities. Certain concepts often arise:^[7]

• Communal ownership and resource management: Resources such as land and water are often managed communally, with an emphasis on collective responsibility and stewardship.^[8]
• 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.

External links

• In Argentina

Notes and References

1. Kelly . Dara . Woods . Christine . 2021-06-02 . Ethical Indigenous Economies . Engaged Scholar Journal: Community-Engaged Research, Teaching, and Learning . en . 7 . 1 . 140–158 . 10.15402/esj.v7i1.70010 . 264545435 . 2368-416X. free .
2. Butler . Richard . 2021 . Research on Tourism, Indigenous Peoples and Economic Development: A Missing Component . Land . en . 10 . 12 . 1329 . 10.3390/land10121329 . 2073-445X . free .
3. Poyser . Andre . Daugaard . Dan . 2023 . Indigenous sustainable finance as a research field: A systematic literature review on indigenising ESG, sustainability and indigenous community practices . Accounting & Finance . en . 63 . 1 . 47–76 . 10.1111/acfi.13062 . 0810-5391. free .
4. Book: Engaging Indigenous Economy: Debating diverse approaches . 2016 . ANU Press . 978-1-76046-003-7 . 35. j.ctt1d10hpt .
5. Book: Trosper, Ronald L. . Indigenous economics: sustaining peoples and their lands . 2022 . University of Arizona Press . 978-0-8165-3345-9 . Tucson.
6. Book: Gittos . Annette . Unlocking Indigenous Peoples' Economic Potential in the AsiaPacific Region for a More Inclusive Recovery . Goodacre . Dana . Ministry of Business, Innovation and Employment, New Zealand . 2022 . New Zealand.
7. Book: Schulze . Hillmarè . Case Studies on Advancing Inclusive Economic Growth: Understanding and Valuing Indigenous Economies within APEC . Hurren . Konrad . Riley . Hannah . Business and Economic Research Limited (BERL) . 2021.
8. Web site: Swiderska . Krystyna . Here's why Indigenous economics is the key to saving nature . 2023-10-07 . International Institute for Environment and Development . en.