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What is the economic importance of fish as a food resource? 

Research Question

What is the economic importance of fish as a food resource? 
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Academic Insights

Fish serves as a critical food resource with significant economic importance, providing employment, income, and essential nutrients, while also facing challenges such as overfishing and the need for sustainable management practices.

Key Insights

  • Economic Contribution:

    • Fish is a major export commodity for many developing countries, contributing to trade agreements and economic development .
    • In Ethiopia, fisheries provide employment, food, and income, with a production potential of 51,400 tonnes per annum .
    • Aquaculture activities, such as eel farming in Indonesia, have positive economic impacts on local communities, indicated by high multiplier income ratios .
  • Nutritional Value:

    • Fish provides essential fatty acids, protein, and minerals critical for brain development and overall health .
    • In Bangladesh, fish consumption is crucial for child health, impacting mortality and resistance to infectious diseases .
  • Sustainability and Management:

    • Overfishing and fleet over-capacity lead to fishery collapses, creating complex economic, social, and ecological problems .
    • Sustainable methods, such as enzymatic hydrolysis, are essential for extracting valuable ingredients from fish processing residues, highlighting the need for environmental and economic impact assessments .
  • Challenges and Solutions:

    • Challenges in fish production include overfishing, improper management, weak institutional capacity, and lack of infrastructure .
    • Addressing these challenges requires involvement from all concerned bodies to achieve sustainable fish production goals .

Conclusion

Fish is an economically vital food resource that provides significant employment, income, and nutritional benefits. However, sustainable management practices are essential to address challenges such as overfishing and infrastructure deficiencies to ensure the long-term viability of fish as a food resource.

1

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5 citations | Journal of economics and sustainable development | Selamu Abraham | 2018Cite
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