EconPapers    
Economics at your fingertips  
 

The Marine Environment: Fencing the Last Frontier

Martin Smith () and James Wilen

Review of Agricultural Economics, 2002, vol. 24, issue 1, 31-42

Abstract: Fisheries resources contribute a valuable source of protein to the world's food supply. While there is much promise for continued production gains from aquaculture and terrestrial sources, the marine fisheries sector faces a number of critical current policy junctures. Since extension of jurisdiction to 200 miles in 1976, there have been dramatic changes in the opportunity for coastal nations to rationally manage formerly open access marine resources. While more spatially encompassing management has brought physical yield close to full biological potential, much of the potential economic yield from fisheries is still squandered. An important issue is whether the future potential of marine resources will be guided by an expansion of private property rights or by an expansion of bureaucratic regulatory structures. New monitoring, information, and enforcement technology is making it increasingly possible to zone the ocean and implement measures that mimic terrestrial property systems. At the same time, there is opposition to privatizing marine resources by groups who view them as public resources. The outcome of the tussle between the forces supporting and opposing property rights creation will largely determine the extent and kinds of values that will be generated from marine resources around the world in the next decade.

Date: 2002
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1111/1467-9353.00082 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Journal Article: The Marine Environment: Fencing the Last Frontier (2002) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:revage:v:24:y:2002:i:1:p:31-42.

Ordering information: This journal article can be ordered from
http://www.oup.co.uk/journals

Access Statistics for this article

More articles in Review of Agricultural Economics from Agricultural and Applied Economics Association Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().

 
Page updated 2020-09-15
Handle: RePEc:oup:revage:v:24:y:2002:i:1:p:31-42.