The Sunken Billions : The Economic Justification for Fisheries Reform

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dc.creatorWorld Bank
dc.creatorFood and Agriculture Organization
dc.date2012-03-19T10:02:39Z
dc.date2012-03-19T10:02:39Z
dc.date2009
dc.date.accessioned2026-07-01T00:35:27Z
dc.descriptionThis study and previous studies indicate that the current marine catch could be achieved with approximately half of the current global fishing effort. In other words, there is massive overcapacity in the global fleet. The excess fleets competing for the limited fish resources result in stagnant productivity and economic inefficiency. In response to the decline in physical productivity, the global fleet has attempted to maintain profitability by reducing labor costs, lobbying for subsidies, and increasing investment in technology. Partly as a result of the poor economic performance, real income levels of fishers remain depressed as the costs per unit of harvest have increased. Although the recent changes in food and fuel prices have altered the fishery economy, over the past decade real landed fish prices have stagnated, exacerbating the problem. The value of the marine capture seafood production at the point of harvest is some 20 percent of the $400 billion global food fish market. The market strength of processors and retailers and the growth of aquaculture, which now accounts for some 50 percent of food fish production, have contributed to downward pressure on producer prices. In technical terms, this study estimates the loss of potential economic rent in the global fishery. For the purposes of this study, economic rent is considered broadly equivalent to net economic benefits, which is the term used throughout most of the report. This study estimated the difference between the potential and actual net economic benefits from global marine fisheries using 2004 as the base year. The estimate was made using a model that aggregated the world's highly diverse fisheries into a single fishery. This made it possible to use the available global fisheries data such as production, value of production, and global fisheries profits as inputs to the model.
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dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20090227073510
dc.identifier978-0-8213-7790-1
dc.identifierhttps://hdl.handle.net/10986/2596
dc.identifierhttps://doi.org/10.1596/978-0-8213-7790-1
dc.identifier.urihttp://hdl.handle.net/123456789/406812
dc.languageEnglish
dc.publisherWorld Bank
dc.relationAgriculture and Rural Development
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectANIMAL PROTEIN
dc.subjectAQUACULTURE ACTIVITIES
dc.subjectAQUACULTURE DEVELOPMENT
dc.subjectAQUACULTURE EMPLOYMENT
dc.subjectAQUACULTURE PRODUCTION
dc.subjectAQUACULTURE PRODUCTS
dc.subjectAQUATIC PLANTS
dc.subjectAQUATIC RESOURCES
dc.subjectCAPTURE FISHERIES PRODUCTION
dc.subjectCAPTURE FISHERY
dc.subjectCAPTURE FISHERY PRODUCTION
dc.subjectCARBON
dc.subjectCARBON SEQUESTRATION
dc.subjectCARRYING CAPACITY
dc.subjectCATCH DATA
dc.subjectCATCH LEVELS
dc.subjectCATCH PER UNIT
dc.subjectCATCHES
dc.subjectCLIMATE CHANGE
dc.subjectCLOSED SEASONS
dc.subjectCOASTAL FISHING
dc.subjectCOASTAL STATES
dc.subjectCOASTAL WATERS
dc.subjectCOD
dc.subjectCOD STOCKS
dc.subjectCOMMERCIAL FISH
dc.subjectCOMMERCIAL FISH STOCKS
dc.subjectCOMMERCIAL FISHING
dc.subjectCONSUMPTION OF FISH
dc.subjectCORAL REEFS
dc.subjectCRUSTACEANS
dc.subjectCULTURED SPECIES
dc.subjectDEEPER WATERS
dc.subjectDEVELOPED COUNTRIES
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC HARDSHIPS
dc.subjectECONOMIC IMPACT
dc.subjectECONOMIC LOSSES
dc.subjectECONOMIC RENTS
dc.subjectECONOMIC SUSTAINABILITY
dc.subjectECONOMIC VALUE
dc.subjectECONOMICS
dc.subjectEMPLOYMENT IN FISHERIES
dc.subjectENVIRONMENTAL
dc.subjectEQUILIBRIUM
dc.subjectEXCHANGE RATE
dc.subjectEXISTENCE VALUE
dc.subjectEXPLOITATION
dc.subjectEXPORT MARKETS
dc.subjectEXPORT VALUE
dc.subjectEXTERNALITIES
dc.subjectFISCAL POLICIES
dc.subjectFISH
dc.subjectFISH CONSUMPTION
dc.subjectFISH EXPORTS
dc.subjectFISH MARKET
dc.subjectFISH MEAL
dc.subjectFISH OIL
dc.subjectFISH PRICES
dc.subjectFISH PROCESSING
dc.subjectFISH PRODUCTION
dc.subjectFISH PRODUCTS
dc.subjectFISH RESOURCES
dc.subjectFISH SPECIES
dc.subjectFISH STOCKS
dc.subjectFISH TRADE
dc.subjectFISHER
dc.subjectFISHERIES
dc.subjectFISHERIES DATA
dc.subjectFISHERIES EMPLOYMENT
dc.subjectFISHERIES ENFORCEMENT
dc.subjectFISHERIES GOVERNANCE
dc.subjectFISHERIES MANAGEMENT
dc.subjectFISHERIES MANAGEMENT COSTS
dc.subjectFISHERIES PRODUCTION
dc.subjectFISHERIES SCIENTIST
dc.subjectFISHERIES SECTOR
dc.subjectFISHERIES SECTORS
dc.subjectFISHERIES SERVICE
dc.subjectFISHERIES SUBSIDIES
dc.subjectFISHERMAN
dc.subjectFISHERS
dc.subjectFISHERY MANAGEMENT
dc.subjectFISHERY MANAGEMENT SYSTEMS
dc.subjectFISHERY PRODUCTS
dc.subjectFISHERY RESOURCE
dc.subjectFISHERY RESOURCES
dc.subjectFISHES
dc.subjectFISHING
dc.subjectFISHING ACTIVITIES
dc.subjectFISHING ACTIVITY
dc.subjectFISHING CAPACITY
dc.subjectFISHING COMMUNITIES
dc.subjectFISHING FLEET
dc.subjectFISHING FLEETS
dc.subjectFISHING GEAR
dc.subjectFISHING GROUNDS
dc.subjectFISHING INDUSTRY
dc.subjectFISHING METHODS
dc.subjectFISHING NETS
dc.subjectFISHING OPERATIONS
dc.subjectFISHING POWER
dc.subjectFISHING PRACTICES
dc.subjectFISHING PRESSURE
dc.subjectFISHING RIGHTS
dc.subjectFISHING SEASONS
dc.titleThe Sunken Billions : The Economic Justification for Fisheries Reform
dc.titleLos miles de millones hundidos : justificacion economica de la reforma de la pesca

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