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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.

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Rebuilding the stock of Norwegian spring spawning herring: Lessons learned

Norwegian spring spawning herring is one of the largest pelagic fish stocks in the world and sustains fisheries conducted by fleets from the EU, Faeroe Islands, Iceland, Norway and Russia. The fish stock has been exploited for centuries, but its size has been subject to dramatic changes. In the late 1960s a fishing pressure, too high to what the stock could sustain, led to a collapse of the fish stock.

The stock stayed at a low level for nearly two decades, until it once again recovered to its historical levels. This chapter gives some background information about the stock and its collapse as well as the regulatory measures adopted to facilitate the recovery of the stock. It also discusses economic consequences of improving the exploitation pattern and exploitation rate in the fishery. The chapter concludes by stating lessons learned during the rebuilding period.

English

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