Economic policy, institutions and fisheries development in the Pacific

Elizabeth Petersen

    Research output: Contribution to journalArticle


    The South Pacific is home to the world's largest and most valuable tuna fishery. Despite this, the Pacific island countries have found it tremendously difficult to capture significant economic rents from the resource. It is argued in this paper that poor economic policy partly explains this. However, poor policies are preventing the implementation of strong, cost-effective institutions for the governance of the fishery which, coupled with strong institutions for broad social and economic governance, are required for development of the industry. Opportunities for policy reform that are likely to lead to significant gains from the fishery are highlighted.
    Original languageEnglish
    Pages (from-to)315-324
    JournalMarine Policy
    Issue number5
    Publication statusPublished - 2002


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