Oceans and the Global Economy

Oceans and the Global Economy

People in coastal countries depend on healthy oceans and fisheries for their livelihood. But fishing subsidies and other economic policies may distort incentives and spend public money on practices that are unsustainable and otherwise unprofitable. Nevertheless, gross global revenue from marine fisheries during the past decade is estimated at $80 billion to $85 billion annually. When indirect effects on related industries that depend on fisheries, such as boat manufacturing and canning, are incorporated, the total global value is approximately $240 billion annually—nearly three times the value of the catch alone. 

Healthy marine ecosystems support ecotourism, such as diving and whale-watching, which is one of the fastest-growing global sectors. Marine systems also provide habitat for commercially important juvenile fish, help with carbon sequestration, and offer coastal protection — all of which generate substantial economic benefits that become tangible costs when they are lost. Pew supports economic research to understand the value of the world’s marine resources, the reasons they are at risk, and economic approaches to conserve them.

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Agenda for America

A collection of resources to help federal, state, and local decision-makers set an achievable agenda for all Americans

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Data-driven policymaking is not just a tool for finding new solutions for emerging challenges, it makes government more effective and better able to serve the public interest. In the coming months, President Joe Biden and the 117th Congress will tackle a number of environmental, health, public safety, and fiscal and economic issues—nearly all of them complicated by the COVID-19 pandemic. To help solve specific, systemic problems in a nonpartisan fashion, Pew has compiled a series of briefings and recommendations based on our research, technical assistance, and advocacy work across America.

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States of Innovation

Data-driven state policy innovations across America

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Data-driven policymaking is not just a tool for finding new solutions for difficult challenges. When states serve their traditional role as laboratories of innovation, they increase the American people’s confidence that the government they choose—no matter the size—can be effective, responsive, and in the public interest.

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