Sustainable Management of Fisheries

This chapter deals with economic solutions to the global over-fishing problem. The fundamental problem of marine fisheries from an economic point of view is that there is a price for fish on land, so once it’s harvested, but there is no price for fish that is alive and in the ocean. That leads to over-fishing because the fishermen do not have the price for the fish they catch. So the economic idea for a solution to the over-fishing problem is to establish a price for the fish in the ocean.

Better fisheries management and innovative aquaculture practices are crucial if we want the ocean to continue being one of the main providers of essential protein for humans. With a combination of wild fisheries and aquaculture carried out in a sustainable way, not only would we ensure food security but also income for sustained human well-being.

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