A former fisherman tackles restoration and bureaucracy.
Overfishing in the oceans is a classic example of the "tragedy of the commons"-- overexploitation of an unowned resource. Fishing in U.S. waters is no longer a commons free of fishing restrictions, yet many fisheries still suffer from the tragedy of the commons.
Along the coastal waters of eastern Canada and the United States--in the Grand Banks off Newfoundland, for example, and in Georges Bank off New England--severe overfishing is leading to economic ruin. In spite of years of governmental restrictions on gear, catch, and seasons, fishers are over...
ITQs eliminate the race-to-fish atmosphere plaguing fisheries. With a secure right to a specific amount of fish each year, each fisherman can focus on harvesting that amount of fish as inexpensively as possible and at a time when it should bring the highest value.
Terry Anderson, Donald Leal
June & December 1988Volume 20
PERC's workshop, "Tackling the Global Fisheries Challenge," took place last week. Fisheries specialist for the World Bank, Michael Arbuckle, discusses rights-based fisheries reform in developing countries.