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The Newfoundland fishery: ten years after the moratorium
Institution:1. Wells National Estuarine Research Reserve, 342 Laudholm Farm Road, Wells, ME, 04090, USA;2. University of New Hampshire, School of Marine Science and Ocean Engineering, 8 College Road, Durham, NH, 03924, USA;3. New Hampshire Fish & Game Department, 225 Main Street, Durham, NH, 03824, USA;1. Arizona State University, United States;2. University of Illinois at Urbana-Champaign, United States;1. University of Akureyri – Centre of the Westfjords, Iceland;2. Memorial University of Newfoundland, Canada;1. Institute for Marine and Antarctic Studies, Private Bag 129, Hobart 7001, Tasmania, Australia;2. Faculty of Law, University of Tasmania, Private Bag 89, Hobart 7001, Tasmania, Australia;3. CSIRO, Land and Water, Castray Esplanade, Battery Point 7004, Tasmania, Australia;4. Centre for Marine Socioecology, University of Tasmania, Private Bag 129, Hobart 7001, Tasmania, Australia;1. Laboratory of Fisheries Ecosystem Monitoring and Assessment, College of Fisheries, Ocean University of China, Qingdao 266003, China;2. Laboratory for Marine Fisheries and Food Production Processes, Pilot National Laboratory for Marine Science and Technology (Qingdao), Qingdao 266237, China;3. Field Observation and Research Station of Haizhou Bay Fishery Ecosystem, Ministry of Education, Qingdao 266003, China
Abstract:Excessive overfishing combined with negative environmental conditions led to the decimation of the northern cod stock and its closure to commercial fishing in 1992. During the ensuing dozen years, the stock has not recovered. This paper considers the current state of the Newfoundland economy and the Newfoundland fishery and asks whether the lessons of the earlier day have been learned. The answer appears to be no. The main mover of the economy is exogenous to the fishery, the unemployment rate remains high, currently more than twice the Canadian rate, and the population of the province has fallen by ten percent. With respect to the fishery, although the decimated groundfish have been replaced by shellfish and the nominal value of landings has doubled since 1992, the fishery still has excess capacity, fishermen and fish plant workers generally earn low incomes, and the fishery remains heavily subsidized.
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