Coming Stakes in the Ocean: Food Production, Shipping and Trade, Tourism, Ecosystem-biodiversity, New Technologies and Climate Change Challenges in Bangladesh

Abstract

Blue economy is an emerging concept in all over the world where Bangladesh is not in exception. The blue economy of Bangladesh is subject to multiple interlinked activities. Among the major activities, food production, shipping and trade, tourism, ecosystem-biodiversity, new technologies and climate change challenges are the most promising sectors which are discussed in this chapter to project the present and future potential, constrains, ways to overcome in the context of the blue economy of Bangladesh following various published literature. The review has revealed that Bangladesh has enormous resources which have great potential to uplift the existing economy, improving livelihoods, while significantly reducing environmental risks and ecological scarcities. However, there are lot of constrains which hinder to get the ultimate fruit from these potentialities. The major constrains include lack of policy, institutional or organizational structure and coordination, data or information, knowledge in innovating and diversifying marine products and services, marketing strategies, continuous scientific research, skilled manpower with motivation and dedication, public awareness, maritime security and concern in marine and coastal environment. Initiations to overcome these constrains with long and short term strategic plans and properly implementing the strategic decisions will bring the state more productive and could be a model country with blue economy approach. This research article is available in Journal of Ocean and Coastal Economics: https://cbe.miis.edu/joce/vol6/iss2/5