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