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Shrimp aquaculture: economic perspectives for policy development
Institution:1. Centre for the Economics & Management of Aquatic Resources (CEMARE), University of Portsmouth, Locksway Road, Portsmouth, Hants PO4 8JF, UK;2. United Nations Food & Agriculture Organisation (FAO), oneFish Community Directory Project, Via delle Terme di Caracalla, 00100 Rome, Italy;1. Agricultural Economics Division, Bangladesh Rice Research Institute, Gazipur, 1701, Bangladesh;2. School of Agriculture and Food Sciences, The University of Queensland, Brisbane, 4072, Australia;3. School of Economics, The University of Queensland, Brisbane, 4072, Australia;4. CSIRO Agriculture and Food, Brisbane, QLD, 4067, Australia;5. CSIRO Land and Water, Brisbane, QLD, 4102, Australia
Abstract:The objective of this paper is to provide an overview of shrimp aquaculture from the perspectives of economics. It is offered as a contribution to the on-going policy debate on this globally important industry. The paper is organised into four sections: the benefits of shrimp aquaculture, the problems of shrimp aquaculture, economic development perspectives on shrimp aquaculture, and conclusions. Four main conclusions are drawn: there is a lack of independent analysis of the factors affecting the production strategies of private firms in the shrimp industry; there is a need to overcome polarisation in order to promote sustainable shrimp aquaculture; wider perspectives on shrimp aquaculture will be beneficial to policy formation; and it is in the long-run self-interest of shrimp producers to incorporate the external costs of production into planning decisions. The paper includes a review of the international literature which provides a valuable resource for policy-makers.
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