ID 61556
Submitting Entity World Bank Group
Main Information
Title Sunken Billions
Description This World Bank study concludes that marine capture fisheries are an underperforming global asset. The study shows that the difference between the potential and actual net economic benefits from marine fisheries is in the order of $50 billion per year. Improved governance of marine fisheries could capture a substantial part of this $50 billion annual economic loss. Reform of the fisheries sector could generate considerable additional economic growth and alternative livelihoods, both in the marine economy and other sectors. The comprehensive reforms required imply political, social, and economic costs.
Web Link /doc/case-studies/inc/cs-inc-worldbank-sb-en.pdf
Additional Information
Authors World Bank Group
Ecosystems Marine and Coastal Biodiversity
Inland Waters Biodiversity
Regions Global
Incentive Measures Reform of Perverse Incentives
Keywords Subsidy reform
Fishery policies
Fishery management
  • United Nations
  • United Nations Environment Programme