The Sunken Billions : The Economic Justification for Fisheries Reform
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 fo...
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| Language: | English |
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World Bank
2012
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| Online Access: | 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 http://hdl.handle.net/10986/2596 |
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okr-10986-2596 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
ANIMAL PROTEIN AQUACULTURE ACTIVITIES AQUACULTURE DEVELOPMENT AQUACULTURE EMPLOYMENT AQUACULTURE PRODUCTION AQUACULTURE PRODUCTS AQUATIC PLANTS AQUATIC RESOURCES CAPTURE FISHERIES PRODUCTION CAPTURE FISHERY CAPTURE FISHERY PRODUCTION CARBON CARBON SEQUESTRATION CARRYING CAPACITY CATCH DATA CATCH LEVELS CATCH PER UNIT CATCHES CLIMATE CHANGE CLOSED SEASONS COASTAL FISHING COASTAL STATES COASTAL WATERS COD COD STOCKS COMMERCIAL FISH COMMERCIAL FISH STOCKS COMMERCIAL FISHING CONSUMPTION OF FISH CORAL REEFS CRUSTACEANS CULTURED SPECIES DEEPER WATERS DEVELOPED COUNTRIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HARDSHIPS ECONOMIC IMPACT ECONOMIC LOSSES ECONOMIC RENTS ECONOMIC SUSTAINABILITY ECONOMIC VALUE ECONOMICS EMPLOYMENT IN FISHERIES ENVIRONMENTAL EQUILIBRIUM EXCHANGE RATE EXISTENCE VALUE EXPLOITATION EXPORT MARKETS EXPORT VALUE EXTERNALITIES FISCAL POLICIES FISH FISH CONSUMPTION FISH EXPORTS FISH MARKET FISH MEAL FISH OIL FISH PRICES FISH PROCESSING FISH PRODUCTION FISH PRODUCTS FISH RESOURCES FISH SPECIES FISH STOCKS FISH TRADE FISHER FISHERIES FISHERIES DATA FISHERIES EMPLOYMENT FISHERIES ENFORCEMENT FISHERIES GOVERNANCE FISHERIES MANAGEMENT FISHERIES MANAGEMENT COSTS FISHERIES PRODUCTION FISHERIES SCIENTIST FISHERIES SECTOR FISHERIES SECTORS FISHERIES SERVICE FISHERIES SUBSIDIES FISHERMAN FISHERS FISHERY MANAGEMENT FISHERY MANAGEMENT SYSTEMS FISHERY PRODUCTS FISHERY RESOURCE FISHERY RESOURCES FISHES FISHING FISHING ACTIVITIES FISHING ACTIVITY FISHING CAPACITY FISHING COMMUNITIES FISHING FLEET FISHING FLEETS FISHING GEAR FISHING GROUNDS FISHING INDUSTRY FISHING METHODS FISHING NETS FISHING OPERATIONS FISHING POWER FISHING PRACTICES FISHING PRESSURE FISHING RIGHTS FISHING SEASONS |
| spellingShingle |
ANIMAL PROTEIN AQUACULTURE ACTIVITIES AQUACULTURE DEVELOPMENT AQUACULTURE EMPLOYMENT AQUACULTURE PRODUCTION AQUACULTURE PRODUCTS AQUATIC PLANTS AQUATIC RESOURCES CAPTURE FISHERIES PRODUCTION CAPTURE FISHERY CAPTURE FISHERY PRODUCTION CARBON CARBON SEQUESTRATION CARRYING CAPACITY CATCH DATA CATCH LEVELS CATCH PER UNIT CATCHES CLIMATE CHANGE CLOSED SEASONS COASTAL FISHING COASTAL STATES COASTAL WATERS COD COD STOCKS COMMERCIAL FISH COMMERCIAL FISH STOCKS COMMERCIAL FISHING CONSUMPTION OF FISH CORAL REEFS CRUSTACEANS CULTURED SPECIES DEEPER WATERS DEVELOPED COUNTRIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HARDSHIPS ECONOMIC IMPACT ECONOMIC LOSSES ECONOMIC RENTS ECONOMIC SUSTAINABILITY ECONOMIC VALUE ECONOMICS EMPLOYMENT IN FISHERIES ENVIRONMENTAL EQUILIBRIUM EXCHANGE RATE EXISTENCE VALUE EXPLOITATION EXPORT MARKETS EXPORT VALUE EXTERNALITIES FISCAL POLICIES FISH FISH CONSUMPTION FISH EXPORTS FISH MARKET FISH MEAL FISH OIL FISH PRICES FISH PROCESSING FISH PRODUCTION FISH PRODUCTS FISH RESOURCES FISH SPECIES FISH STOCKS FISH TRADE FISHER FISHERIES FISHERIES DATA FISHERIES EMPLOYMENT FISHERIES ENFORCEMENT FISHERIES GOVERNANCE FISHERIES MANAGEMENT FISHERIES MANAGEMENT COSTS FISHERIES PRODUCTION FISHERIES SCIENTIST FISHERIES SECTOR FISHERIES SECTORS FISHERIES SERVICE FISHERIES SUBSIDIES FISHERMAN FISHERS FISHERY MANAGEMENT FISHERY MANAGEMENT SYSTEMS FISHERY PRODUCTS FISHERY RESOURCE FISHERY RESOURCES FISHES FISHING FISHING ACTIVITIES FISHING ACTIVITY FISHING CAPACITY FISHING COMMUNITIES FISHING FLEET FISHING FLEETS FISHING GEAR FISHING GROUNDS FISHING INDUSTRY FISHING METHODS FISHING NETS FISHING OPERATIONS FISHING POWER FISHING PRACTICES FISHING PRESSURE FISHING RIGHTS FISHING SEASONS World Bank Food and Agriculture Organization The Sunken Billions : The Economic Justification for Fisheries Reform |
| relation |
Agriculture and Rural Development |
| 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. |
| format |
Publications & Research :: Publication |
| author |
World Bank Food and Agriculture Organization |
| author_facet |
World Bank Food and Agriculture Organization |
| author_sort |
World Bank |
| title |
The Sunken Billions : The Economic
Justification for Fisheries Reform |
| title_short |
The Sunken Billions : The Economic
Justification for Fisheries Reform |
| title_full |
The Sunken Billions : The Economic
Justification for Fisheries Reform |
| title_fullStr |
The Sunken Billions : The Economic
Justification for Fisheries Reform |
| title_full_unstemmed |
The Sunken Billions : The Economic
Justification for Fisheries Reform |
| title_sort |
sunken billions : the economic
justification for fisheries reform |
| publisher |
World Bank |
| publishDate |
2012 |
| url |
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 http://hdl.handle.net/10986/2596 |
| _version_ |
1764385672317108224 |
| spelling |
okr-10986-25962021-04-23T14:02:03Z The Sunken Billions : The Economic Justification for Fisheries Reform World Bank Food and Agriculture Organization ANIMAL PROTEIN AQUACULTURE ACTIVITIES AQUACULTURE DEVELOPMENT AQUACULTURE EMPLOYMENT AQUACULTURE PRODUCTION AQUACULTURE PRODUCTS AQUATIC PLANTS AQUATIC RESOURCES CAPTURE FISHERIES PRODUCTION CAPTURE FISHERY CAPTURE FISHERY PRODUCTION CARBON CARBON SEQUESTRATION CARRYING CAPACITY CATCH DATA CATCH LEVELS CATCH PER UNIT CATCHES CLIMATE CHANGE CLOSED SEASONS COASTAL FISHING COASTAL STATES COASTAL WATERS COD COD STOCKS COMMERCIAL FISH COMMERCIAL FISH STOCKS COMMERCIAL FISHING CONSUMPTION OF FISH CORAL REEFS CRUSTACEANS CULTURED SPECIES DEEPER WATERS DEVELOPED COUNTRIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HARDSHIPS ECONOMIC IMPACT ECONOMIC LOSSES ECONOMIC RENTS ECONOMIC SUSTAINABILITY ECONOMIC VALUE ECONOMICS EMPLOYMENT IN FISHERIES ENVIRONMENTAL EQUILIBRIUM EXCHANGE RATE EXISTENCE VALUE EXPLOITATION EXPORT MARKETS EXPORT VALUE EXTERNALITIES FISCAL POLICIES FISH FISH CONSUMPTION FISH EXPORTS FISH MARKET FISH MEAL FISH OIL FISH PRICES FISH PROCESSING FISH PRODUCTION FISH PRODUCTS FISH RESOURCES FISH SPECIES FISH STOCKS FISH TRADE FISHER FISHERIES FISHERIES DATA FISHERIES EMPLOYMENT FISHERIES ENFORCEMENT FISHERIES GOVERNANCE FISHERIES MANAGEMENT FISHERIES MANAGEMENT COSTS FISHERIES PRODUCTION FISHERIES SCIENTIST FISHERIES SECTOR FISHERIES SECTORS FISHERIES SERVICE FISHERIES SUBSIDIES FISHERMAN FISHERS FISHERY MANAGEMENT FISHERY MANAGEMENT SYSTEMS FISHERY PRODUCTS FISHERY RESOURCE FISHERY RESOURCES FISHES FISHING FISHING ACTIVITIES FISHING ACTIVITY FISHING CAPACITY FISHING COMMUNITIES FISHING FLEET FISHING FLEETS FISHING GEAR FISHING GROUNDS FISHING INDUSTRY FISHING METHODS FISHING NETS FISHING OPERATIONS FISHING POWER FISHING PRACTICES FISHING PRESSURE FISHING RIGHTS FISHING SEASONS 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. 2012-03-19T10:02:39Z 2012-03-19T10:02:39Z 2009 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 978-0-8213-7790-1 http://hdl.handle.net/10986/2596 English Agriculture and Rural Development CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank Publications & Research :: Publication Publications & Research :: Publication |