41. Subsidies: a Way Towards Sustainable Fisheries?
- Publication Date:
- 12-2005
- Content Type:
- Policy Brief
- Institution:
- The Organisation for Economic Co-operation and Development
- Abstract:
- Governments pay out some USD 6 billion a year to support the fisheries sector in OECD countries. This money, variously called subsidies, support or financial transfers, is used to help manage fish stocks, to modernise fishing fleets, and to help communities and regions that can no longer make a living out of fishing to develop other economic activity. The money is also intended to assist in resolving problems of over-fishing and over-capacity that affect many parts of the OECD fishing industry.
- Topic:
- Development, Economics, Environment, and Government