Malmstrom, Calle and Aponte, Ana Perez (2020) Preconditions for local socioeconomic development in the blue economy focus: Western Indian Ocean. WSP, Sweden.
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The study examines preconditions for the extraction of marine resources to benefit local communities in the West Indian Ocean. Using United Nation and World Bank literature a total of 17 successful cases have been identified that concern fisheries, aquaculture, conservation and seaweed farming. The cases focus mainly on small-scale activities. The cases point to multiple key factors of success. A common feature in multiple of the cases is the use of cooperative and co-management practices to reach more sustainable levels of resource use. The projects have resulted in stricter restrictions on access to fishing water, cooperation in monitoring efforts of illegal fishing activities, and stronger sense of ownership among fishers. Other forms of cooperation strengthen users market power enabling access to inputs and markets as well as providing a forum for knowledge sharing. Where initial investments are needed to move into new business areas, such as aquaculture and value-adding activities, access to credit is very important. Access to credit is often a hindrance for the poor communities which often lack collateral to guarantee loan repayment, but where it is accessible there is potential to increase household incomes.
| Item Type: | Documents |
|---|---|
| Keywords: | Socioeconomic Development, Blue Economy, Indian Ocean, Seaweed Farming, Small-scale Fisheries, Sustainable Fisheries, Monitoring, Credit |
| Subjects: | Right to Resources |
| Depositing User: | Jeeva ICSF Rajan |
| Date Deposited: | 23 Dec 2021 06:37 |
| Last Modified: | 23 Dec 2021 06:37 |
| URI: | http://icsfarchives.net/id/eprint/6015 |
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