Capital and Labour interests Under Itq Fisheries Management : Lessons for Policy-Makers Public Deposited

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  • The introduction of Individual Transferable Quota (ITQ) fisheries management is controversial as it typically results in fewer active vessels, fewer vessel jobs, and the remaining vessel crew earning a lower share of vessel revenues with capital interests, including the new interest "quota ownership", increasing their revenue share. However, the move to ITQs can also increase fish catches, fish prices, and fleet revenues so that the actual compensation to the crew can increase. There are other important, more subtle shifts in the role and power of capital and labor under ITQs including the unbundling of capital and labor interests, a weakening of the influence of broad-based fishing organizations such as unions, and a deskilling and/or reskilling of the fishing workforce. This paper draws on the experience of Pacific Canada fisheries in identifying several aspects of the shift in capital-labor balances under ITQ fisheries management. The paper also compares ITQ business practices to those of farming, taxicab fleets, housing markets and other business endeavours. These "lessons learned" can help policy-makers navigate and interpret the labyrinth of rhetoric that often accompanies the discussion of ITQs.
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  • Gislason, Gordon. 2010. Capital and Labour interests Under Itq Fisheries Management : Lessons for Policy-Makers. 12 pages. In: Proceedings of the Fifteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 13-16, 2010, Montpellier, France: Economics of Fish Resources and Aquatic Ecosystems: Balancing Uses, Balancing Costs. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2010.
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