Resource Shortage

Paper Summary:

This paper discusses the problem of the decline in wild fisheries' stocks, in terms of the political and economic issues behind the problem and in terms of how this problem affects, and could potentially affect, the community. The resource management issues that contributed to the shortage are also discussed. Recommendations for addressing these resource management issues are proposed, and the proposed solutions are defended, based upon economic and environmental grounds.

From the Paper:

"In summary, the total world catch from wild marine and freshwater fish stocks has peaked and may be slightly declining (Hilborn et al., 2003; Larkin, 1978). There appear to be few significant resources still to be developed, and the majority of the world's fish stocks are intensively exploited (Hilborn et al., 2003). This is due, in large part, to rising fish catches, and to rising consumption, and trade, in this natural resource (Lazaroff, 2001), as the issue of fishing has become highly politicized in recent years, as governments realize fish are a valuable resource, and as such, they defend this resource as they would any other, by claiming territorial rights over the resource. A recent report by the United Nations Food and Agriculture Organization noted that most of the world's fishing areas have apparently reached their maximum potential for capture fisheries production, with the majority of stocks being fully exploited (Lazaroff, 2001)."

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