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Patterson (New Zealand Centre for Ecological Economics, Massey U., New Zealand) and Glavovic (School of People, Environment and Planning at Massey U.) aim to help establish an ecological economics of the oceans and coasts by presenting 15 papers that addr
This report explores the growth prospects for the ocean economy, its capacity for future employment creation and innovation, and its role in addressing global challenges. Special attention is devoted to the emerging ocean-based industries.
Most of the chapters in this volume are authored by staff or associates of the Centre for Social and Economic Research on the Global Environment (CSERGE). CSERGE is a research centre sponsored by the UK Economic and Social Research Council (ESRC), which specialises in interdisciplinary work focussed on environmental management issues. Weare grateful for the long term support that we have received from the ESRC. We would also like to acknowledge the efforts of Ann Dixon and SHin Pearce in the preparation of this volume. vii INTRODUCTION CHAPTER 1. ECOLOGICAL ECONOMICS AND COASTAL ZONE ECOSYSTEMS' VALUES: AN OVERVIEW. Turner, R. K. , Bateman, I. J. and Adger, W. N. 1. 1 Coastal zone pressure and sustainable management challenges Given the continued intensification of the process of globalisation - involving population growth, population density changes via urbanisation, industrial development, increased trade and capital flows, liberalisation of transnational corporation activity and lifestyle and attitudinal changes - coastal zones and their hydrologically linked catchment areas have come under heavy environmental pressure. The scale and extent of socio-economic activities have profound implications for the now coevolving natural and human systems and their complex interrelationships (Turner, Perrings and Folke, 1997). The consequences of this process of change manifest themselves across a range of spatial and temporal scales. Indeed the juxtaposition of different spatial, functional and temporal scales that is inherent in the catchment-coastal ecosystems-seas/oceans continuum poses particularly difficult challenges for both science and resource management/governance.
It is an unfortunate truth that our oceans offer valuable resources that are too often used unsustainably. Time and again this is due to the failure of international law to provide a framework for adequate governance. Economics of the Oceans examines this issue and provides a comprehensive study of ocean uses from the perspectives of law and economics. Themes covered in the book include ocean governance, the economics of oceanic resource exploitation, offshore oil, coral reefs, shipwrecks and maritime piracy. Analytical techniques such as basic game theory, environmental economics of the commons and cost-benefit analysis are employed to illuminate the topics. This book will be of interest to students of environmental economics, natural resource economics and management, and the economics of international law as relating to the oceans.
How can we manage a so-called "renewable" natural resource such as a fishery when we don't know how renewable it really is? James A. Crutchfield and Arnold Zellner developed a dynamic and highly successful economic approach to this problem, drawing on extensive data from the Pacific halibut industry. Although the U.S. Department of the Interior published a report about their findings in 1962, it had very limited distribution and is now long out of print. This book presents a complete reprint of Crutchfield and Zellner's pioneering study, together with a new introduction by the authors and four new papers by other scholars. These new studies cover the history of the Pacific halibut industry as well as the general and specific contributions of the original work—such as price-oriented conservation policy—to the fields of resource economics and management. The resulting volume integrates theory and practice in a clear, well-contextualized case study that will be important not just for environmental and resource economists, but also for leaders of industries dependent on any natural resource.
Marine and coastal resources provide millions of people with their livelihoods, such as fishing and tourism, and a range of critical additional ‘ecosystem services’, from biodiversity and culture to carbon storage and flood protection. Yet across the world, these resources are fast-diminishing under the weight of pollution, land clearance, coastal development, overfishing, natural disasters and climate change. This book shows how economic instruments can be used to incentivize the conservation of marine and coastal resources. It is shown that traditional approaches to halt the decline focus on regulating against destructive practices, but to little effect. A more successful strategy could be to establish schemes such as payments for ecosystem services (PES), or incorporate an element of financial incentives into existing regulatory mechanisms. Examples, both terrestrial and marine, from across the world suggest that PES can work to protect both livelihoods and environments. But to succeed, it is shown that these schemes must be underpinned by robust research, clear property rights, sound governance structures, equitable benefit sharing, and sustainable finance. Case studies are included from south and east Asia, Latin America, Africa and Australia. The book explores the prospects and challenges, and draws lessons from PES and PES-like programmes from across the globe.
Instead of continuing to see the land as our future, suppose we put our trust in the sea. For solutions to some of the earth's most pressing problems, the oceans may be our salvation, the source of untapped economic wealth.
Why exclusive use rights -- in particular, individual transferable quotas -- provide the most efficient way to use fishing resources; theory plus case studies of ITQs in six countries.
The “Blue Economy” is used to describe all of the economic activities related to the sea, with a special emphasis on sustainability. Traditional activities such as fisheries, but also undersea mining, tourism, and scientific research are included, as well as the phenomenal growth of aquaculture during the past decade. All of these activities, and the irresistible prospect of another new frontier, has led to enthusiastic and, most likely, overenthusiastic assessments of the possibilities to exploit the sea to feed the world, provide low-cost energy, become a new source of minerals, and other future miracles. This book makes sense of these trends and of the future of the blue economy by following our remote ancestors who gradually discovered the sea and its resources, describing the so-called fisherman’s curse – or why fishermen have always been poor, explaining why humans tend to destroy the resources on which we depend, and assessing the realistic expectations for extracting resources from the sea. Although the sea is not so badly overexploited as the land, our demands on ecosystem services are already above the oceans’ sustainability limits. Some new ideas, including “fishing down” for untapped resources such as plankton, could lead to the collapse of the entire marine ecosystem. How Neanderthals crossed the sea in canoes, how it was possible for five men on a small boat to kill a giant whale, what kind of oil the virgins of the Gospel put into their lamps, how a professor of mathematics, Vito Volterra, discovered the “equations of fishing,” why it has become so easy to be stung by a jellyfish while swimming in the sea, and how to play “Moby Dick,” a simple board game that simulates the overexploitation of natural resources are just some of the questions that you will be able to answer after reading this engaging and insightful book about the rapidly expanding relationship between humanity and the sea.
The trans-disciplinary thematic areas of oceans management and policy require stocktaking of the state of knowledge on ecosystem services being derived from coastal and marine areas. Recently adopted Sustainable Development Goals (SDGs) especially Goals 14 and 15 explicitly focus on this. This Handbook brings together a carefully chosen set of world-class contributions from ecology, economics, and other development science and attempts to provide policy relevant scientific information on ecosystem services from marine and coastal ecosystems, nuances of economic valuation, relevant legal and sociological response policies for effective management of marine areas for enhanced human well being. The contributors focus on the possible nexus of science-society and science-policy with the objective of informing on decision makers of the governmental agencies, business and industry and civil society in general with respect to sustainable management of Oceans.