An Economic Analysis to Sustainable Fishiries Management
By Razack BakariABSTRACT
The challenge is to maintain and improve the resources base on which those activities are dependent, while developing new economic opportunities in a way that benefits the people of the coast and the nation as a whole. A major constraint is the inadequate institution and legal framework for coastal management.
Taking into account that the coastal zone forms the economic hub or center of development for Tanzania, the paper emphasized on artisans marine fisheries because is the sector that involve the majority of the coastal population and whose survival is entirely on the coastal resources.
Economics is about efficient allocation of resources. In normal cases market forces provide efficient allocation of resources. In fisheries, however, market forces alone can not produce an efficient allocation. This is due to the reasons that, fisheries tends to be open access resources where individual fishermen's pursuit of profit produces an outcome which may be detrimental to the interest of the society at large. Besides fishery resources is renewable and potentially depletable. Thus a level of exploitation has to be sustainable and also has an efficient allocation of resources. To achieve these some of intervention in the market forces becomes necessary. Economic theory provides guidelines that are useful for intervention. Which is the basis of this paper.
KEYWORDS: artisanal fisheries, efficiency, sustainable fishing, overfishing, bioeconomic model, maximum sustainable yield, maximum economic yield, catch per unit effort, open access equilibrium
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