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annotated bibliography of fisheries economics literature - Office of ...

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<strong>fisheries</strong> subsidies affect fish stocks from a theoretical perspective,<br />

analyzes the different types <strong>of</strong> subsidies to the fish harvesting sector and<br />

discusses the problem <strong>of</strong> estimating global <strong>fisheries</strong> subsidies. Case studies<br />

<strong>of</strong> <strong>fisheries</strong> subsidies, their impacts on overcapacity and overfishing, and an<br />

examination <strong>of</strong> the impact <strong>of</strong> <strong>fisheries</strong> subsidies on global trade in fish<br />

products and the treatment <strong>of</strong> such subsidies in the existing trade regime are<br />

provided. Finally, three possible approaches to creating new international<br />

norms governing subsidies that support fishing overcapacity are discussed.<br />

Porter, Gareth (1997). "The Role <strong>of</strong> Trade Policies in the Fishing<br />

Sector, Fisheries Subsidies, Overfishing and Trade." Visiting<br />

Scholar, Center for International Environmental Law, Washington,<br />

D.C., 55 pp.<br />

Although subsidies have been a major issue in international trade<br />

negotiations for decades because <strong>of</strong> their trade distorting effects, only in<br />

the past decade have their negative impacts on the environment been widely<br />

recognized. Reducing subsidies is one <strong>of</strong> the few trade and environment issues<br />

where the objectives <strong>of</strong> trade liberalization and environmental protection are<br />

clearly complementary rather than being in tension with one another. Fishery<br />

subsidies specifically may be the most environmentally destructive natural<br />

resource subsidies <strong>of</strong> all. This paper provides an analytical framework for<br />

international consideration <strong>of</strong> the issue <strong>of</strong> <strong>fisheries</strong> subsidies, trade, and<br />

the environment. The first section views nature resource subsidies in<br />

economic theory and examines the mechanisms by which these subsidies<br />

contribute to environmental degradation. The second section shows how<br />

<strong>fisheries</strong> subsidies affect fish stocks from a theoretical perspective,<br />

analyzes the different types <strong>of</strong> subsidies to the fish harvesting sector and<br />

discusses the problem <strong>of</strong> estimating global <strong>fisheries</strong> subsidies. Three case<br />

studies <strong>of</strong> fishery subsidies and their impacts on overcapacity and overfishing<br />

are provided. Finally, three possible approaches to creating new<br />

international norms governing subsidies that support fishing overcapacity are<br />

discussed.<br />

Porter, Gareth (1998). "Estimating Overcapacity in the Global Fishing<br />

Fleet." World Wildlife Fund, Washington, D.C., 20 pp.<br />

It is useful to have a general view <strong>of</strong> how serious the overcapacity<br />

problem is on average worldwide. This paper suggests that the evidence<br />

indicates a much higher level <strong>of</strong> overcapacity than has been previously<br />

recognized. The Garcia and Newton estimate <strong>of</strong> 30% excess capacity in world<br />

<strong>fisheries</strong> is approximately 1/5 the actual level <strong>of</strong> <strong>of</strong> total excess capacity in<br />

the world <strong>fisheries</strong> <strong>of</strong> 150%.<br />

Porter, Gareth (1999). "Op." World Wildlife Fund, Washington, D.C.<br />

The role <strong>of</strong> subsidies in international trade and on domestic and global<br />

<strong>fisheries</strong> and fishing capacity.<br />

Portney, Paul R. (1994). "The Contingent Valuation Debate: Why<br />

Economists Should Care." Journal <strong>of</strong> Economic Perspectives,<br />

8(4):3-17.<br />

The authors aim is to provide an overview <strong>of</strong> the contingent value method<br />

and the debate surrounding it. He also suggests why this debate should matter<br />

to economists, both pr<strong>of</strong>essionally and in their roles as citizens and<br />

consumers. Whether the <strong>economics</strong> pr<strong>of</strong>ession likes it or not, it seems<br />

inevitable that contingent valuation methods are going to play a role in<br />

public policy formulation.<br />

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