Expansionary Measures
Expansionary Measures
Expansionary management measures like subsidies also tend to be expedient and so are predicted as early responses in the fisheries action cycle. This section traces the development of expansionary management from the earliest subsidies, which were largely designed to break monopolies on fish products, through hatcheries, which were thought to increase populations of marine species around the turn of the 19th century, and modern subsidy programs that were implemented to either develop new fleets or support failing fisheries. It also documents recent backlash against subsidy programs by free-trade liberals and fisheries conservation activists.
Keywords: Subsidies, overcapitalization, hatcheries, free trade, economic development, food security
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