Amparo Cerrato, Levelling the Playing Field: Strengthening Common Property in Honduran Legislation, The Solutions Journal, Volume 6, Issue 4, November 2015, Pages 69-75 (https://www.thesolutionsjournal.com/article/levelling-the-playing-field-strengthening-common-property-in-honduran-legislation/) Abstract: Honduras is a very small, but highly biodiverse Latin American nation whose natural resources are worth preserving. Almost half of the country's surface is still covered by forests and a quarter of it has the legal status of protected area.1 However, as this developing nation of eight million people faces development pressure, the question arises as to which is the best way to manage natural resources—privately or commonly? Regardless of being owned by an individual, a group of people, or the State, a natural resource still faces the risk of being managed unsustainably and inequitably. No property rights system is intrinsically efficient; cases of failure, as well as success, exist for each of these property regimes.2 Hence, if no superiority of one particular form of ownership over another can be justified,3 why has much of the world today decided to rely on private markets as their dominant form of resource allocation? A key factor contributing to the supremacy of … Topics: Governance; Inequality; Property Rights