Marine Economy
The Marine Economy refers to the economic activities that take place in ocean and coastal areas. This includes industries such as fishing, shipping, tourism, and marine biotechnology. These activities contribute significantly to job creation and economic growth in many countries, especially those with extensive coastlines.
Additionally, the Marine Economy encompasses the sustainable use of ocean resources to ensure long-term health of marine ecosystems. This involves practices like responsible fishing and marine conservation efforts. Organizations and governments often collaborate to balance economic interests with environmental protection, ensuring that resources like fish, coral reefs, and marine life are preserved for future generations.