Perspectives on the Blue Economy by Vijay Sakhuja & Kapil Narula

Author:Vijay Sakhuja & Kapil Narula [Sakhuja, Vijay & Narula, Kapil]
Language: eng
Format: epub
Tags: International Relations, History & Theory, Political Science, Geopolitics, General
ISBN: 9789385563997
Google: 6wA1DgAAQBAJ
Goodreads: 34554031
Publisher: VIJ BOOKS INDIA
Published: 2017-02-10T00:00:00+00:00

Bangladesh

Bangladesh is perhaps the most vocal country in South Asia about Blue Economy. In 2014, it proposed ‘Bay of Bengal Partnership for Blue Economy’ for an “inclusive and people-centric,” sustainable development of sea based resources. Blue Economy is high on national economic agenda and nearly 30 million people in Bangladesh are “dependent on the sea for livelihood, and are engaged in fishing and commercial transportation”. Bangladesh is in early stages of embracing the Blue Economy and confronts a number of technological and financial constraints to make the dream come true. It has instituted several measures including setting up a research institutes for study of marine science, oceanography and training human resource to develop skills for the sustainable development of resources. It has also established scientific collaboration with other countries to develop expertise on Blue Economy.

Seychelles, Mauritius and Maldives

Seychelles and Mauritius are Small Island Developing States (SIDS) and highly dependent on the seas for economic well-being. Their economies are closely linked to the African economies who themselves have endorsed Blue Economy. Further, they have established partnership for development of Blue Economy with Australia and India and are seeking support for technical, fiscal and security related capacity building. Likewise,Maldives is highly dependent on the seas for its economic vitality and is a strong supporter of Blue Economy.

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