Perspectives: Wealth-based Fisheries Management: Using Fisheries Wealth to Orchestrate Sound Fisheries Policy in Practice
AbstractThe importance of resource rent in fisheries has long been acknowledged. By generating such rents, economically efficient management systems increase value added and the sectorâ€™s contribution to the gross domestic product (GDP) and growth. However, despite the successful adoption of such systems in some countries around the world, economics continues to have relatively little influence on fisheries policy. This lack of influence is particularly noticeable in developing countries, precisely where the contribution that effectively managed fish resources might make to the GDP is most urgently needed. The key requirement to increase the adoption of economically rational fisheries management is to convince policymakers to focus explicitly on the wealth-generating potential of fish resources. Such a focus provides a general policy framework within which other approaches, such as rights-based, incentive-based, and ecosystem-based, may be nested. This approach is likely to prove more effective in influencing policy, especially in situations where rights-based systems either will not work or are politically unacceptable.
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Bibliographic InfoArticle provided by Marine Resources Foundation in its journal Marine Resource Economics.
Volume (Year): 24 (2009)
Issue (Month): 3 ()
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Web page: http://www.uri.edu/cels/enre/mre/mre.htm
Wealth-based fisheries management; resource rent; fisheries policy; economic growth; Environmental Economics and Policy; International Development; Q22; Q28;
Find related papers by JEL classification:
- Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
- Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Scott, Anthony, 1988. "Development of Property in the Fishery," Marine Resource Economics, Marine Resources Foundation, vol. 5(4).
- Allison, E.H., 2011. "Aquaculture, fisheries, poverty and food security," Working Papers, The WorldFish Center, number 39575.
- BÎ˜nÎ˜, C. & Chijere Asafu, D.G. & Allison, E.H. & Snyder, K., 2012. "Design and implementation of fishery modules in integrated household surveys in developing countries," Working Papers, The WorldFish Center, number 39853.
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