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There is no denying the close linkage between ecosystem services and human well-being. Human well-being is dependent on the sustainable management of ecosystem services. With economic globalization and free trade, there is an increasing demand for these services. Yet, poverty, inefficient management of common resources, and inadequate legal and governance frameworks have a negative impact on human well-being. This article examines the impact of globalization as well as the legal mechanisms for the management of ecosystem services arguing that the need for a concerted and synergistic legal approach to manage ecosystem services in a sustainable manner that includes human rights principles alongside market-based instruments.