Subsidies in World Fisheries

Download or read book Subsidies in World Fisheries written by Matteo Milazzo and published by World Bank Publications. This book was released on 1998-01-01 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the past six years, the world's fishery sector has reached a turning point with global fish production reaching a plateau of approximately 100 million tons annually. While aquaculture output continued to grow, yields from capture fisheries were uneven and showed increasing signs of stagnation because of widespread overfishing and overcapitalization, ineffective management, deteriorating resource health, declining or flat global harvests, and inefficient economic and trade policies. This paper examines the role of subsidies in fisheries.