Exploration
Exploration
Exploration to find new fisheries to exploit is one of the earliest economic responses to problem signals like increasing costs, conflict among fishers, and lower revenues. This chapter traces the history of exploration and shows how early geographic expansion was driven by exogenous factors like population growth but later exploration was primarily an endogenous enterprise to overcome local limits as industrialization led to stock declines in historical fishing grounds.
Keywords: Exploration, population growth, distant water fishing
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