Senaratne, Malshini (2020) The Blue economy: Charting a new development path in the Seychelles. ORF Occasional Paper No.265 . Observer Research Foundation, New Delhi. ISBN 978-93-90159-71-0
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The Seychelles’ geographical advantages have given it economic gains from its main Blue Economy (BE) sectors—fisheries and tourism. However, overexploitation and unsustainable management practices have placed undue pressure on these resources. In 2018, the country conceived a sustainable ocean-based development pathway—the Seychelles’ Blue Economy Strategic Framework and Roadmap. Various socio-economic and environmental challenges threaten to undermine the country’s BE journey, however: a small population size, high dependency on external trade links, and economic susceptibility to natural shocks. Poverty and income inequality persist as well, despite Seychelles being the only country in Africa to have achieved high-income status. The COVID-19 pandemic has also exposed the dangers of the country’s reliance on a narrow economic base. It has further revealed its dependency on imports for basic commodities, and the underdeveloped capacity for domestic production. To overcome these challenges, Seychelles’ BE must be driven forward by innovation, capacity building, and durable multi-sectoral collaboration.
| Item Type: | Books |
|---|---|
| Keywords: | Blue Economy, Seychelles, Sustainable Management, Environmental Challenges, Poverty, Equality, Covid |
| Subjects: | Right to Resources |
| Depositing User: | Jeeva ICSF Rajan |
| Date Deposited: | 20 Dec 2021 09:30 |
| Last Modified: | 20 Dec 2021 09:30 |
| URI: | http://icsfarchives.net/id/eprint/5932 |
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