Here’s another fun fact about economics: “Blue Economy” is a term used to describe the sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of ocean ecosystems. This concept is particularly relevant to Pacific Island nations, which have vast ocean territories and depend heavily on marine resources. The Blue Economy includes activities such as sustainable fishing, marine tourism, and renewable energy (like offshore wind farms). Emphasising the Blue Economy reflects the importance of balancing economic development with environmental conservation in the Pacific region.
#Pacific #economics #blue-economy
Image credit: Global Research Development Center
Lytton Advisory 