TWO top international economists say those who advocate trade in rhino horn and ivory fail to understand world markets or the economic muscle of multinational poachers.Governments, economists and conservationists who think they can curb poaching by selling rhino horn and ivory legally have little understanding of macroeconomics or the sophistication of international crime syndicates. They stand to be out-gunned, out-manoeuvred and have no idea about the laws of the market. This is according to economists Alejandro Nadal and Francisco Aguayo in a hard-hitting critique of, particularly, South Africa’s wildlife pro-trade lobby, published this week in the Manchester University.Mr Nadal, a professor at El Colegio de Mexico and Mr Aguayo, an economic systems analyst at Maastricht University describe attempts to formulate wildlife trade policy on the basis of inadequate command of economic theory as "acts of recklessness".One of the most conspicuous features in the economic analysis of wil...

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