Economics of Fishing

The fishing industry's dependence on the natural environment poses economic challenges, particularly in optimizing exploitation while ensuring sustainability. This book provides an introduction to fisheries economics and management, focusing on capture fisheries and aquaculture, and examining key concepts such as sustainable yield, regulatory environments, fish stock variability, and the law of the sea. It also discusses the quota system and its controversial role in international fisheries management.

Format: Paperback / softback
Length: 208 pages
Publication date: 28 February 2021
Publisher: Agenda Publishing

The fishing industry stands apart from other economic sectors due to its profound reliance on the natural environment. Navigating the optimal exploitation of a shared resource while ensuring its sustainability presents a multitude of economic challenges. This comprehensive textbook, designed for undergraduate and postgraduate courses in fisheries economics and management, offers an insightful introduction to the economics of the fishing industry and its significant role in the global economy.

The book primarily delves into capture fisheries, although it incorporates broader discussions on aquaculture for comparative analysis. It elucidates the fundamental economic concepts that govern the industry, including sustainable yield, in great detail. Subsequently, the book explores how these concepts are implemented within a complex regulatory framework. The variability of fish stocks is examined, and case studies of notable stock crashes are discussed. The law of the sea is explained, highlighting how the movement of fish stocks across ocean boundaries has led to the establishment of regulatory bodies to manage international fisheries. At the core of this management lies the quota system, which the book outlines in detail. It explores how quotas work and the controversial issue of their transferability.

The book provides readers with a comprehensive and rigorous exploration of the economic factors driving the fishing industry. It also sheds light on the environmental challenges confronting the sector as global fish consumption continues to rise. By examining the interplay between economic considerations and environmental sustainability, this textbook equips students with the knowledge and tools necessary to understand and address the complex dynamics of the fishing industry in a rapidly changing world.

Weight: 290g
Dimension: 148 x 211 x 22 (mm)
ISBN-13: 9781788213448