Hamilton Project proposes focus on maximizing economic value of fisheries to fishing dependent communities
SEAFOODNEWS.COM [SCOM] By Ken Coons – September 15, 2014 –
It was refreshing to attend a fisheries focused meeting last week at the Brookings Institution in D.C. opened by the eminent former Secretary of the Treasury Robert E. Rubin.
Instead of gloom, he stressed the economic value of fisheries to the U.S. economy and recognized the significant progress the U.S. has made in achieving sustainable fishing of the vast majority of its stocks.
The occasion was a Hamilton Project proposal by Christopher Costello, UC-Santa Barbara and the National Bureau of Economic Research.
The proposal calls for an amendment to the Magnuson-Stevens Act that would “design and adopt fishery management approaches that significantly improve fishery value, recovery and security for fishing communities as well as ecological outcomes.”
Costello’s proposal calls for evaluating the current systems of fishery management against a new approach that is focused on increasing fisheries value to those ports most dependent on fisheries economic activity...Full Story »