The Sunken Billions – The Economic Justification For Fisheries Reform

The purpose of this study is to raise the awareness of decision makers regarding the economic dimensions of the crisis in the world’s marine capture fisheries. 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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