Title: SUSTAINABLE BLUE ECONOMY - OPPORTUNITIES
Authors: Dr. K. SAILAJA
Dr. K. SAILAJA
Assistant Professor, Dept. of Economics, Andhra University, Visakhapatnam
MLA 8 SAILAJA, Dr. K. "SUSTAINABLE BLUE ECONOMY - OPPORTUNITIES AND CHALLENGES." Int. j. of Social Science and Economic Research, vol. 4, no. 3, Mar. 2019, pp. 1630-1637, ijsser.org/more2019.php?id=119. Accessed Mar. 2019.
APA SAILAJA, D. (2019, March). SUSTAINABLE BLUE ECONOMY - OPPORTUNITIES AND CHALLENGES. Int. j. of Social Science and Economic Research, 4(3), 1630-1637. Retrieved from ijsser.org/more2019.php?id=119
Chicago SAILAJA, Dr. K. "SUSTAINABLE BLUE ECONOMY - OPPORTUNITIES AND CHALLENGES." Int. j. of Social Science and Economic Research 4, no. 3 (March 2019), 1630-1637. Accessed March, 2019. ijsser.org/more2019.php?id=119.
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Abstract: Blue economy is regarded not only as a natural capital that accelerates economic growth in the
world but also as a means to reduce unemployment and poverty at the global level. This paper
attempts to analyze the initiatives to harness the blue economy in select countries and also to
reflect on the issues and concerns relating to the sustainable development of blue economy. A
number of countries across the world are showing interest on the Blue Economy and have
announced national initiatives and action plans to harness the fruits of Blue Economy. The
deliberations at the Sustainable Blue Economy Conference held at Nairobi in 2018, have strongly
conveyed the message that "the Blue Economy must be sustainable, the planet's ocean and water
resources must be conserved and sustainably used, and need to consider oceans, lakes and rivers,
as well as water and land based ecosystems in a holistic manner". Despite the global efforts to
sustain the Blue Economy, there are several challenges and concerns that need immediate
attention and action. However, in spite of the commitments at global, regional, national and local
level, it is observed that the health of the coasts and oceans continues to decline over a period of
time. In view of this, it is imminent on the part of the governments, the business community and
the civil society - to protect the health of the coasts and oceans to derive sustainable benefits
from the Blue Economy.
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