Ocean Economy Report Published

The Organisation for Economic Co-operation and Development (OECD) has published a report through which the organisation considers the global oceanic activities with an economic and foresight perspective.

The Ocean Economy in 2030 report analyses the economic perspective of the ocean economy while meeting the goals of a more sustainable development, and provides policy recommendations to support such national and international efforts.

Calculations on the basis of the OECD’s Ocean Economy Database estimate the ocean economy’s output in 2010 (the base year for the calculations) at USD 1.5 trillion in value added, or approximately 2.5% of world gross value added (GVA). This is roughly equivalent to the size of the Canadian economy that same year.

The report puts forward a number of recommendations to enhance the sustainable development of the ocean economy:

  • foster greater international co-operation in maritime science and technology as a means to stimulate innovation and strengthen the sustainable development of the ocean economy
  • strengthen integrated ocean management
  • improve the statistical and methodological base at national and international level for measuring the scale and performance of ocean-based industries and their contribution to the overall economy
  • build more capacity for ocean industry foresight.

The OECD as an organisation contributes to international policy for specific aspects of ocean-related issues – such as fisheries, shipbuilding, marine biodiversity and biotechnology.

You can download the full report here: http://www.oecd.org/sti/the-ocean-economy-in-2030-9789264251724-en.htm

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