The Sunken Billions : The Economic
            Justification for Fisheries Reform

World Bank; Food and Agriculture Organization

dc.creator	World Bank
dc.creator	Food and Agriculture Organization
dc.date	2012-03-19T10:02:39Z
dc.date	2012-03-19T10:02:39Z
dc.date	2009
dc.date.accessioned	2023-02-17T20:38:42Z
dc.date.available	2023-02-17T20:38:42Z
dc.identifier	http://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.identifier	978-0-8213-7790-1
dc.identifier	http://hdl.handle.net/10986/2596
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/242996
dc.description	This 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.
dc.language	English
dc.publisher	World Bank
dc.relation	Agriculture and Rural Development
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo
dc.rights	World Bank
dc.subject	ANIMAL PROTEIN
dc.subject	AQUACULTURE ACTIVITIES
dc.subject	AQUACULTURE DEVELOPMENT
dc.subject	AQUACULTURE EMPLOYMENT
dc.subject	AQUACULTURE PRODUCTION
dc.subject	AQUACULTURE PRODUCTS
dc.subject	AQUATIC PLANTS
dc.subject	AQUATIC RESOURCES
dc.subject	CAPTURE FISHERIES PRODUCTION
dc.subject	CAPTURE FISHERY
dc.subject	CAPTURE FISHERY PRODUCTION
dc.subject	CARBON
dc.subject	CARBON SEQUESTRATION
dc.subject	CARRYING CAPACITY
dc.subject	CATCH DATA
dc.subject	CATCH LEVELS
dc.subject	CATCH PER UNIT
dc.subject	CATCHES
dc.subject	CLIMATE CHANGE
dc.subject	CLOSED SEASONS
dc.subject	COASTAL FISHING
dc.subject	COASTAL STATES
dc.subject	COASTAL WATERS
dc.subject	COD
dc.subject	COD STOCKS
dc.subject	COMMERCIAL FISH
dc.subject	COMMERCIAL FISH STOCKS
dc.subject	COMMERCIAL FISHING
dc.subject	CONSUMPTION OF FISH
dc.subject	CORAL REEFS
dc.subject	CRUSTACEANS
dc.subject	CULTURED SPECIES
dc.subject	DEEPER WATERS
dc.subject	DEVELOPED COUNTRIES
dc.subject	ECONOMIC DEVELOPMENT
dc.subject	ECONOMIC GROWTH
dc.subject	ECONOMIC HARDSHIPS
dc.subject	ECONOMIC IMPACT
dc.subject	ECONOMIC LOSSES
dc.subject	ECONOMIC RENTS
dc.subject	ECONOMIC SUSTAINABILITY
dc.subject	ECONOMIC VALUE
dc.subject	ECONOMICS
dc.subject	EMPLOYMENT IN FISHERIES
dc.subject	ENVIRONMENTAL
dc.subject	EQUILIBRIUM
dc.subject	EXCHANGE RATE
dc.subject	EXISTENCE VALUE
dc.subject	EXPLOITATION
dc.subject	EXPORT MARKETS
dc.subject	EXPORT VALUE
dc.subject	EXTERNALITIES
dc.subject	FISCAL POLICIES
dc.subject	FISH
dc.subject	FISH CONSUMPTION
dc.subject	FISH EXPORTS
dc.subject	FISH MARKET
dc.subject	FISH MEAL
dc.subject	FISH OIL
dc.subject	FISH PRICES
dc.subject	FISH PROCESSING
dc.subject	FISH PRODUCTION
dc.subject	FISH PRODUCTS
dc.subject	FISH RESOURCES
dc.subject	FISH SPECIES
dc.subject	FISH STOCKS
dc.subject	FISH TRADE
dc.subject	FISHER
dc.subject	FISHERIES
dc.subject	FISHERIES DATA
dc.subject	FISHERIES EMPLOYMENT
dc.subject	FISHERIES ENFORCEMENT
dc.subject	FISHERIES GOVERNANCE
dc.subject	FISHERIES MANAGEMENT
dc.subject	FISHERIES MANAGEMENT COSTS
dc.subject	FISHERIES PRODUCTION
dc.subject	FISHERIES SCIENTIST
dc.subject	FISHERIES SECTOR
dc.subject	FISHERIES SECTORS
dc.subject	FISHERIES SERVICE
dc.subject	FISHERIES SUBSIDIES
dc.subject	FISHERMAN
dc.subject	FISHERS
dc.subject	FISHERY MANAGEMENT
dc.subject	FISHERY MANAGEMENT SYSTEMS
dc.subject	FISHERY PRODUCTS
dc.subject	FISHERY RESOURCE
dc.subject	FISHERY RESOURCES
dc.subject	FISHES
dc.subject	FISHING
dc.subject	FISHING ACTIVITIES
dc.subject	FISHING ACTIVITY
dc.subject	FISHING CAPACITY
dc.subject	FISHING COMMUNITIES
dc.subject	FISHING FLEET
dc.subject	FISHING FLEETS
dc.subject	FISHING GEAR
dc.subject	FISHING GROUNDS
dc.subject	FISHING INDUSTRY
dc.subject	FISHING METHODS
dc.subject	FISHING NETS
dc.subject	FISHING OPERATIONS
dc.subject	FISHING POWER
dc.subject	FISHING PRACTICES
dc.subject	FISHING PRESSURE
dc.subject	FISHING RIGHTS
dc.subject	FISHING SEASONS
dc.title	The Sunken Billions : The Economic Justification for Fisheries Reform
dc.type	Publications & Research :: Publication
dc.type	Publications & Research :: Publication

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