Implications for Entrepreneurship and Enterprise Development in the Blue Economy

The blue economy is a concept in policy circles with conflicting understandings and no universally accepted definition. It is urgently needed for rigorous conceptual, policy-focused, theoretical, and empirical studies from multidisciplinary perspectives to protect marine environments and promote sustainability. This reference work enriches existing definitions with inputs from economics, natural resource development, social equity, and sustainability and provides veritable measures for evaluating blue economy progression and compliance.

Format: Paperback / softback
Length: 325 pages
Publication date: 08 April 2022
Publisher: IGI Global

The blue economy is a concept that is widely discussed in policy circles, but its understanding is limited among people from diverse backgrounds. Currently, there are various interpretations of the blue economy, but no universally accepted definition or standardized metrics exist. Given the critical importance of the blue economy in safeguarding marine environments and promoting sustainable business practices, there is an urgent need for comprehensive and interdisciplinary research on the subject.

This reference work aims to enrich the existing definitions of the blue economy by incorporating insights from various disciplines, including economics, natural resource development, social equity, and sustainability. It provides valuable tools for policymakers, entrepreneurs, managers, oceanographers, marine biologists, scholars, industry professionals, government officials, academics, researchers, practitioners, instructors, and students to assess the progress and compliance of the blue economy.

The blue economy encompasses a wide range of activities and sectors, including marine transportation, fisheries, aquaculture, coastal tourism, renewable energy, and waste management. By understanding the economic, social, and environmental dimensions of these activities, policymakers can develop effective strategies to promote sustainable development and protect marine resources.

Entrepreneurs and enterprise development play a crucial role in the blue economy. They can create innovative solutions and technologies that contribute to sustainable practices, such as renewable energy, waste management, and aquaculture. Additionally, they can invest in coastal infrastructure and tourism ventures that promote sustainable economic growth and job creation.

The blue economy also presents opportunities for social equity and inclusion. By promoting sustainable practices and providing employment opportunities in coastal communities, the blue economy can help reduce poverty and improve the quality of life for marginalized populations.

However, the development of the blue economy also poses challenges, such as managing resource conflicts, addressing climate change, and ensuring sustainable practices are adopted across all sectors. Policymakers, entrepreneurs, and researchers must work together to develop innovative solutions and policies that promote the sustainable development of the blue economy while minimizing its negative impacts on the environment and society.

In conclusion, the blue economy is a complex and multifaceted concept that requires rigorous conceptual, policy-focused, theoretical, and empirical studies from multidisciplinary perspectives. By understanding the economic, social, and environmental dimensions of the blue economy, policymakers, entrepreneurs, and researchers can develop effective strategies to promote sustainable development and protect marine resources. The blue economy also presents opportunities for social equity and inclusion, and by working together, we can create a more sustainable and prosperous future for generations to come.

Dimension: 279 x 216 (mm)
ISBN-13: 9781668433942