BLUE ECONOMY AND BANGLADESH: LESSONS AND POLICY IMPLICATIONS

Outline

1. Introduction
2. Blue Economy: Conceptual Understanding
3. Blue Economy of Bangladesh
4. Blue Economy around the World
5. Lessons for Bangladesh
6. Concluding Remarks

BLUE ECONOMY AND BANGLADESH: LESSONS AND POLICY IMPLICATIONS

Author: Moutusi Islam, Lam-Ya-Mostaque

DOI Link: https://www.doi.org/BIISSj2018v39n2a1

ABSTRACT

In recent times, Blue Economy is emerging as an alternative development paradigm that balances economic use of oceans with environmental sustainability. With the depletion of land-based resources, countries around the world are turning their attention to the oceans as a new source of economic development and growth. Following the settlement of its maritime territory, Bangladesh is also working on utilizing oceanic resources with a view to becoming a developed country. In this backdrop, the paper is an attempt to examine the initiatives taken by different countries around the world to develop Blue Economy and identify important lessons that Bangladesh can learn from those experiences. The lessons include formulating a well-articulated Blue Economy plan, developing robust legal and institutional frameworks, emphasizing indigenous capacity development, prioritizing ocean research and innovation, protecting ocean environment as well as pursuing ‘Blue Diplomacy’ among others.

BANGLADESH INSTITUTE OF INTERNATIONAL AND STRATEGIC STUDIES

Outline