Parallels in economic and ecosystem crises

Abstract

We describe the analogy between the state of the economic crisis and the state of global fisheries, both of which are timely and important issues. We believe that there are some lessons from the economic crisis that may benefit global fisheries, if viewed and addressed properly. In a wide ethical framework, the crisis in the global fisheries sector should be taken as seriously as the economic crisis and confronted with similarly drastic measures. Failure to do so will be followed by multiple ecosystem/resource crises, which may lead to ecosystem bankruptcy, either locally or globally, which in turn will have severe side effects on the global economy. © Inter-Research 2013.