Blue Economy Of The Indian Ocean

As humanity enters the Anthropocene epoch the oceans are more at risk than ever before as a result of the increased exploitation of its resources. The Indian Ocean is the third largest ocean in the world comprising 20% of the water on the Earth's surface. The sea lanes in the Indian Ocean are among the busiest in the world with more than 80 percent of global seaborne trade in oil transiting through the Indian Ocean and its vital chokepoints and an estimated 40% of the world's offshore oil production comes from the Indian Ocean. The importance of this region cannot be underestimated and there is no doubt that there are many opportunities for economic growth and job creation presented by the waters washing the shores of the Indian Ocean Rim. In order to ensure a desirable future for humanity it is necessary to make use of the ocean’s resources in a sustainable and responsible manner. Climate change is affecting the Indian Ocean negatively, placing a strain on the ability to ensure food security and damaging the economies of small island states that depend on fisheries and aquaculture for their livelihoods. Increasing ocean temperatures and ocean acidification are taking a toll on ecosystems. This book is the first of its kind, providing fresh insights into the various aspects and impacts of the Blue Economy in the Indian Ocean Region: from shifting paradigms, to an accounting framework, gender dynamics, the law of the sea and renewable energy, this handbook aims at increasing awareness of the Blue Economy in the Indian Ocean Region and to provide evidence to policy-makers in the region to make informed decisions. The contributions are from a mixture of disciplines by scholars and experts from seven countries.

The economic paradigms currently dominating the world are not sustainable. The threats from climate change, exploitation-based approaches to commerce, and the excess acquisition of resources loom large as well as the possibility of military flare-ups. Maintaining a balance between development and ecosystems, aspirations for growth, and the need for sustainability is a prescient challenge. The Indian Ocean Region (IOR) encompasses some of the poorest countries in the world and those that will bear the brunt of the negative impacts from climate change. This book explores the immense potential of the IOR and how best to maintain sustainable and responsible economic and strategic activities. The combination of science, innovation, and entrepreneurship will create a new blue economy business model, which has the potential to transform society. Based on critical analysis of the model and its practical applications, including risks as well as opportunities, the topics discussed range from food security, energy, and resilience to climate change, trade and investments, and improved maritime connectivity to tourism, poverty alleviation, and socioeconomic growth, encompassing a wide range of interests and expertise. FEATURES Examines the geo-politics, geo-resources, and geo-hazards of the IOR and identifies opportunities and methods to achieve success Covers a detailed assessment of available resources (fisheries, minerals, energy), threats such as pollution (plastic, acoustic, carbon, bio-invasion), geo-politics (maritime security, military invasion), and strategic vision (determining carrying capacity, ethical governance, and responsible ecosystem) of the Indian Ocean Analyzes the economics of the blue economy, the global scenario including the Pacific and Caribbean islands, and the aspect of the Chinese geo-political invasion in the Indian Ocean Inspires entrepreneurs to adopt new ways of creating economic benefits, reducing energy use, and increasing revenue while simultaneously helping the communities involved Discusses the threat and security perspectives of the IOR and the collective responsibility for a sustainable use of resources Crossing a wide range of interests and expertise, this book explores topics and ideas that will be essential to researchers and professionals in marine sciences, economics, business, geography, and political sciences. Graduate students in the same fields as well as any and all organizations that maintain a presence in the IOR will likewise find this book to be a valuable resource.

This book argues for a broader approach to sustainable growth in Small Island Developing States (SIDS). Small island states such as those in the Caribbean, Indian Ocean and South Pacific face significant and growing threats from climate change, increasing political and social volatility, and rapidly evolving global trends in technology and tourism. Based on ten years of research, this book looks beyond the Blue Economy of tourism and fisheries and provides a model of how creative industries, innovation networks, creative clusters and digital transformation can give SIDS the foundation for a strong sustainable future. The book provides not only insights into how these emerging digital-creative sectors can drive developing economies but also actionable tools for policy makers, entrepreneurs and academics to deliver increased performance on the United Nations Sustainable Development Goals and, ultimately, growth and sustainability. This book will be of great interest to scholars and practitioners of economic geography, sustainable development, development studies and the creative industries.

This volume defines and analyzes the Blue Economy, a system that encompasses all the economic activities which are happening in and around the ocean within a sustainable development framework, with focus on countries in Asia. This work is timely, as Blue Economy activities account for a significant share of GDPs in the island and coastal economies in the Asia region, sustaining the livelihoods of one of the largest sections of the world's population. This book, therefore, assesses how the Blue Economy contributes to these livelihoods from economic and ecological perspectives and analyzes the various types of ecosystem services provided, and how these services are regulated and maintained. While most studies of the Blue Economy focus only on the economic aspects, this book provides ample statistical data to demonstrate why ecosystem services should additionally be considered for the estimation and valuation of the Blue economy. The book is primarily meant for researchers, students, and teachers in the fields of environmental and ocean economics, sustainable development, and ecosystem services, and will be of further interest to policymakers and government officials working in matters related to the Blue Economy and sustainability policy.

The blue economy, comprising coastal and marine resources, offers vast benefits for sub-Saharan Africa: of the 53 countries and territories in the region, 32 are coastal states; there are 13 million sq km of maritime zones; more than 90% of the region’s exports and imports come by sea; and the African Union hails the blue economy as the ‘new frontier of African renaissance’. Despite their importance, the region’s coastal and marine resources have been neither fully appreciated nor fully utilized. They are only now being recognized as being key to Africa’s potential prosperity. As the region grows, it has, in general, not taken adequate safeguards to protect these valuable resources. That is partly because some of the problems (pollution, for example) are regional and know no borders. All too often, short-term gains are made at the expense of the long term (overfishing, for example). This book provides, for the first time, a study of the constraints and opportunities the blue economy offers for sub-Saharan Africa. It includes an introduction and overview; sectoral analyses (including tourism, fisheries, mineral resources, culture, shipping and maritime safety); country case studies; and analyses of regional and international efforts towards better coastal zone and marine management.

This report explores the growth prospects for the ocean economy, its capacity for future employment creation and innovation, and its role in addressing global challenges. Special attention is devoted to the emerging ocean-based industries.