Among open - access properties, marine fishery resource is of great concern of numerous government. It is because marine fishery resources contribute considerably to socio - economic development and provides a huge ecosystem goods and services to the world. However, the alarming over - exploitation, environmental degradation and conflicts between stakeholders in fishery sector all over the world has urgently required a more efficient approach to manage marine fishery resources. This paper argues that ecological economics is a suitable approach to address the issues of marine fishery resource use and management. In particularly, the paper will focus on biological and economic aspects of marine fishery resources that must take into consideration in designing fishery policies. The paper then examines marine fishery management of the Philippines based on Pressure - State - Impact - Responses framework. The paper recommends that the Philippine government should construct a more appropriate marine fishery legal framework and take into consideration economic incentive programs and market - based instruments such as individual transferable quota in managing marine fishery resource. Through the case study of Philippines, some implications will be drawn out for Vietnam for more efficient and sustainable marine fishery management.
http://repository.vnu.edu.vn/handle/VNU_123/14242
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