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The Blue Economy encompasses the sustainable use of ocean resources for economic growth, improved livelihoods, and environmental health. Rooted in classical and modern economic thought, it integrates principles of resource efficiency, market externalities, and public goods in marine ecosystems. Historically, maritime economies evolved from extractive exploitation to conservation-oriented frameworks, aligning with global sustainability goals. This chapter examines the theoretical underpinnings of the Blue Economy, its historical trajectory, and its critical role in fostering long-run economic stability, poverty alleviation, and resilience to climate change. A robust Blue Economy enhances productivity while ensuring intertemporal efficiency in marine resource allocation.
Description
The Blue Economy encompasses the sustainable use of ocean resources for economic growth, improved livelihoods, and environmental health. Rooted in classical and modern economic thought, it integrates principles of resource efficiency, market externalities, and public goods in marine ecosystems. Historically, maritime economies evolved from extractive exploitation to conservation-oriented frameworks, aligning with global sustainability goals. This chapter examines the theoretical underpinnings of the Blue Economy, its historical trajectory, and its critical role in fostering long-run economic stability, poverty alleviation, and resilience to climate change. A robust Blue Economy enhances productivity while ensuring intertemporal efficiency in marine resource allocation.
