Commonwealth Blue Economy Series

English
ISSN: 
2519-1349 (online)
DOI: 
10.14217/25191349
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The marine environment provides valuable economic, social and cultural resources, which can contribute to the sustainable economic development of small island developing states (SIDS) and larger coastal states. Alongside traditionally exploited marine resources, the marine environment also provides human communities with a broad range of essential services that support economic wellbeing and human health. Furthermore, new opportunities have emerged that are gradually being realised, including marine renewable energy and mariculture.

With the growing threats posed by a changing climate, it is increasingly evident that we need to pay more attention to our planet’s oceans. The recent concept of the ‘blue economy’ recognises the need to maximise the enormous economic potential presented by the ocean while preserving it. Since 2012, the blue economy has been embraced by many SIDS as a mechanism for realising sustainable growth around an ocean-based economy. In that time, the idea of the blue economy has emerged as a key component of a new global dialogue about the role of the oceans and seas in sustainable development. For SIDS in particular, the concept of the blue economy presents itself as a promising avenue for economic diversification and growth embedded in fundamental principles of environmental sustainability.

The Commonwealth Blue Economy Series aims to support the development of the blue economy in Commonwealth member countries by providing a high-level assessment of the opportunities available for economic diversification and sustainable growth in SIDS.

 
The Blue Economy and Small States

The Blue Economy and Small States

Commonwealth Blue Economy Series, No. 1 You do not have access to this content

English
Click to Access: 
    http://oecd.metastore.ingenta.com/content/0816071e.pdf
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Author(s):
Julian Roberts, Ahmed Ali
30 Sep 2016
Pages:
50
ISBN:
9781848599505 (PDF)
DOI: 
10.14217/9781848599505-en

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Island nations have benefited from their ocean resources for centuries, with marine uses and activities contributing significantly to their development and overall economies. These include a wide range of maritime sectors essential to both current and future economic development, including: capture fisheries; maritime transport and ports; coastal tourism; mineral exploitation; as well as the marine ecosystems and resources that support them.

There a growing appreciation of the critical role the oceans play in sustainable economic growth and, as a corollary, the need to better manage and protect coastal and marine ecosystems and resources that are the fundamental basis for that growth.

Drawing on international experience in the respective sectors, each volume in the Commonwealth Blue Economy Series provides recommendations that will assist governments to realise opportunities where they exist. It is hoped that the material presented in this volume will stimulate thinking about how small island developing states can benefit from the development of the blue economy by integrating different sectors into the ‘blue growth’ agenda.

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