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World Marketplace
Floundering Hopes
Jonathan Lash
04/01/2006

Harvests from seas, lakes and rivers have been a source of sustenance and livelihood for millennia. Even in the information age, fishing remains crucial to the food security of millions of people, as well as a source of employment and a significant factor in the global economy. Approximately 1 billion people, most of them in developing countries, rely on fish as their primary source of animal protein. An estimated 35 million people are directly engaged in fishing and aquaculture, a number that has doubled in the last 20 years. Fisheries generate over $55 billion worth of international trade.

Yet the nature of the fishing enterprise and the condition of the marine and freshwater resources upon which it relies have changed radically over the past 100 years. Growing populations and the need for economic development have spurred a rapid expansion of commercial fishing. In the past half century, a tide of new technology–from driftnets to satellite imagery–has swept aside the limits that once kept fishing a coastal and local affair, and launched an overwhelming upsurge in our capacity to exploit fish stocks. Government subsidies have helped expand the world’s fleets to levels larger than a sustainable harvest can support; Japan alone provides more than $2 billion annually.

Over the past 30 years, the demand for seafood products has doubled and is projected to continue growing at 1.5 percent per year through 2020 as the global population increases. Important stocks have been depleted, and their marine and freshwater ecosystems have been disrupted, leading to what many term a "global fisheries crisis."

Since 1992, overfishing–the practice of fishing beyond the level at which fish stocks can replenish themselves naturally–has become one of the more pressing natural resource concerns in the industrialized world, and, increasingly, in developing nations. According to the Food and Agricultural Organization of the United Nations, 75 percent of commercially important marine fish stocks are either currently overfished or are being fished at their biological limit. Those stocks that are fished at their biological limit are on the brink of decline.

The damage to a population of fish targeted by modern techniques is only the beginning. The world’s fleets harvest not only vast quantities of fish, but also animals other than the particular species being targeted–animals that are generally referred to as "bycatch." Fishermen retain some of this bycatch for sale, but a very large portion is returned to the sea, usually dead or dying. In addition to fish that are not retained because they are too small or of little economic value, bycatch is often comprised of marine mammals, turtles and seabirds. Estimates of total marine discards run to at least 10 million metric tons, almost 10 percent of the total annual harvest.

Bottom trawling, a new fishing technique in which a trawling rig is dragged across the seafloor to scrape up everything in its path, can damage deep-sea habitats and harm many species of marine life while targeting just one commercial species. It can take decades for sponges, coral, vegetation and animals that fish species depend upon for survival to recover.

Net Losses
The economic consequences can also be severe. According to a World Resources Institute analysis published in 2004, degradation of coral reefs in the Caribbean could reduce fishing revenues by $95 million to $140 million per year by 2015. The same damage could inflict $100 million to $300 million in losses on the tourism industry. The analysis also found that by dissipating wave and storm energy, Caribbean reefs provide between $700 million and $2.2 billion in shoreline protection.

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