IJSSER

Title: SUSTAINABLE BLUE ECONOMY - OPPORTUNITIES AND CHALLENGES
Authors: Dr. K. SAILAJA
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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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