Fisheries Management and the Marine Economy
The global fishing crisis reflects the economic issues that arise when resource users exploit the open access common property resources in the oceans. ANCORS research assists fisheries managers to use regulatory approaches to address overfishing, particularly in developing countries. Management is required to provide incentives for resource users to restrict their fishing effort through limited entry and allocation of fishing rights. Fishery economic research and development is an important part of disempowering overfishing and creating sustainable fishing regimes. Current research is examining the value of commercial fishing to the NSW economy.
Valuing the marine economy requires the monitoring of marine and coastal industries and is more recently being seen as part of an emerging understanding of the “blue economy”. ANCORS have involvement in the marine and innovative aspects of the “blue economy” in South East Asia and cooperates with China's national marine statistical agency in determining approaches to consistent measurement of the marine economy. The research challenge in both fisheries and the marine economy is in integrating economic incentives into the protection of sustainable marine assets.