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The sunken billions : the economic justification for fisheries reform.

Author: World Bank.; Food and Agriculture Organization of the United Nations.
Publisher: Washington, DC : World Bank ; Rome : FAO, ©2009.
Series: Agriculture and rural development series.
Edition/Format:   Book : International government publication : EnglishView all editions and formats
Database:WorldCat
Summary:
From the Publisher: Economic losses in marine fisheries resulting from poor management, inefficiencies, and overfishing add up to US $50 billion per year. Taken over the last three decades, these losses total over US $2 trillion, a figure roughly equivalent to the GDP of Italy. The Sunken Billions: The Economic Justification for Fisheries Reform argues that well-managed marine fisheries could turn most of these  Read more...
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Additional Physical Format: Online version:
Sunken billions.
Washington, DC : World Bank ; Rome : FAO, ©2009
(OCoLC)656195528
Material Type: Government publication, International government publication, Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: World Bank.; Food and Agriculture Organization of the United Nations.
ISBN: 9780821377901 0821377906 9780821379141 0821379143
OCLC Number: 297146442
Description: xxiii, 100 pages : illustrations ; 23 cm.
Contents: Boxes, figures, and tables --
Acknowledgments --
About the authors --
Acronyms and abbreviations --
Executive summary --
1: Global Trends In Fisheries --
Introduction --
Deteriorating state of the marine fishery resources --
Profile and trends in global fisheries production --
Trade and fish consumption --
2: Economic Performance Of World Marine Capture Fisheries --
Value of production and global fish prices --
Fishing costs and productivity --
Fishing effort and fishing fleets --
Subsidies --
Costs of fishery management --
3: Estimate Of Net Economic Loss In The Global Marine Fishery --
Background --
Use of the terms "net benefits" and "economic rents" --
Description of the aggregate model --
Model parameters and data --
4: Results --
Main results --
Evidence from global studies --
Evidence from case studies --
Links to the broader economy --
Sensitivity analysis and confidence intervals --
5: Way Forward --
Fisheries reform makes economic sense --
Rebuilding global fish capital --
Summary: Way forward --
Appendix 1: Concept of economic rent in fisheries --
Appendix 2: Model and model estimation --
Appendix 3: Stochastic specifications and confidence intervals --
Appendix 4: Supplementary data --
References --
Index.
Series Title: Agriculture and rural development series.

Abstract:

Economic losses in marine fisheries resulting from poor management, inefficiencies, and overfishing add up to US$50 billion per year. This book argues that well-managed marine fisheries could turn  Read more...

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schema:description"From the Publisher: Economic losses in marine fisheries resulting from poor management, inefficiencies, and overfishing add up to US $50 billion per year. Taken over the last three decades, these losses total over US $2 trillion, a figure roughly equivalent to the GDP of Italy. The Sunken Billions: The Economic Justification for Fisheries Reform argues that well-managed marine fisheries could turn most of these losses into sustainable economic benefits for millions of fishers and coastal communities. According to this book, the bulk of losses occur in two main ways. First, depleted fish stocks mean that there are fewer fish to catch, and therefore the cost of finding and catching them is greater than it might be. Second, fleet overcapacity means that the economic benefits of fishing are dissipated due to redundant investment and operating costs. The book stresses that the figure of US $50 billion represents a conservative estimate, as it excludes losses to recreational fisheries and marine tourism as well as losses due to illegal fishing. The Sunken Billions argues that strengthened fishing rights can provide fishers and fishing communities with incentives to operate in an economically efficient and socially responsible manner. Phasing out subsidies that enhance redundant fishing capacity and harvesting effort will improve efficiency. Greater transparency in allocation of fish resources and greater public accountability for fisheries management and health of fish stocks will help eco-labeling initiatives to certify sustainable fisheries."@en
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