The Economics of Rebuilding Fisheries

Workshop Proceedings

image of The Economics of Rebuilding Fisheries

Rebuilding fisheries is a key challenge for many countries as some stocks are in a poor state while others are depleted.  In May 2009, economists, biologists, fisheries managers and policy makers participated in an OECD Workshop on the Economics of Rebuilding Fisheries. The workshop was designed to identify and analyse economic uncertainties, policy issues, biological conditions and information constraints, and to review the role of key players in program delivery. This conference proceedings presents an overview of the major economic and institutional issues associated with rebuilding fisheries and provides examples of national and international initiatives.



Getting the economics and the incentives right: Instrument choices in rebuilding fisheries

It is now generally agreed that all natural resources, including marine capture fishery resources, are properly regarded as “natural” capital. From this it follows that, when one talks about rebuilding capture fishery resources, one is talking in terms of a “natural” capital investment program. After discussing the basic economics underlying an optimal fisheries capital investment program, the chapter will go on the discuss the incentive structures that are to be in place, at both an intra-EEZ level, and at an international level, if the resource investment program is to be successful. This chapter will draw heavily upon work that the author has been doing for the FAO, in conjunction with The World Bank and FAO study: The Sunken Billions: The Economic Justification for Fisheries Reform.


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