Economics of Sustainable Aquaculture in Asian Region, Issues Revisited Public Deposited

http://ir.library.oregonstate.edu/concern/conference_proceedings_or_journals/9p290b740

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  • Empirical evidence shows that aquaculture plays a crucial role in ensuring food security, increased household income, alternative employment generation and increased foreign exchange earning in developing countries, especially in the Asian region. However, several issues relating to shrimp-aquaculture such as, risk and uncertainty of investment in shrimp culture, the issues related to the labour absorption and debate related to the possibility of local employment generation through shrimp culture, the institutional mechanisms and its role to promote sustainability of shrimp aquaculture, warrant for proper economic analyses. This being the case, the present paper looks into identifying and addressing some of these important issues, especially in the context of Asian aquaculture. The paper has two parts .The first part highlights the importance and implications of the issues discussed both at the theoretical and empirical levels. The discussion has been substantiated by results from case studies from developing countries in general and Asian region in particular. Second part of the paper concentrates on the debate that has recently been raised on the negative environmental impacts of aquaculture especially shrimp culture in the developing countries. Some of the empirical evidences support that the negative externalities generated by the shrimp culture overrides its benefits and some literature contradicts it. But the core issue is how to estimate the social cost and benefits so that one could decide about who benefits or suffers and by how much with the view to address this particular debate, the focus of the second part of the paper is devoted to the economic issues in estimating the social costs and benefits, issues related to compensation and sustainability issues associated with the shrimp culture within the environmental economics framework.
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  • Bhattacharya, Poulomi. 2004. Economics of Sustainable Aquaculture in Asian Region, Issues Revisited. In: Proceedings of the Twelfth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 20-30, 2004, Tokyo, Japan: What are Responsible Fisheries? Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2004. CD ROM. ISBN 0-9763432-0-7
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