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Bureaucracy, Policy, Economics: The Pathology of Fisheries Public Deposited

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Abstract
  • After declining rapidly because of low fish stocks in the early 1970s, the Newfoundland fishery — harvesting and processing facilities, and employment — expanded severalfold during the four years following adoption of the 200-mile limit. The expansion collapsed into bankruptcy during the 1981 recession. Through government intervention the industry was saved, only to collapse again, through stock decimation, a decade later. The growth of the 1970s bore the seeds of the collapse of the 1990s. How did the fishery bureaucracy, politics and economics interact to permit the expansion when it was recognized by nearly everyone concerned that the fishery was already overcapitalized and that more factors, capital and labor, were not required to catch and process the increased anticipated harvests?
  • Keywords: fisheries management, overcapacity, 200-mile limit
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Citation
  • Schrank, W.E. Bureaucracy, Policy, Economics: The Pathology of Fisheries. In: Microbehavior and Macroresults: Proceedings of the Tenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 10-14, 2000, Corvallis, Oregon, USA. Compiled by Richard S. Johnston and Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2001.
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Conference Location
  • Corvallis, Oregon, USA
Proceedings Editors
  • Shriver, Ann L.
  • Johnston, Richard S.
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  • International Institute of Fisheries Economics and Trade; U.S. National Marine Fisheries Service; MG Kailis Group
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