Institutional Arrangements for the Blue Economy: Marine Spatial Planning a Way Forward

Blue Economy is one of the important aspects of Sustainable Ocean Governance as it refers to sustainable use of ocean resources for economic growth and improved livelihood by maintaining healthy marine ecosystem. In order to achieve sustainable ocean governance, it is important to implement the contemporary and newly developed principles and concepts including Blue Economy and Ecosystem based management (EBM). As an implementation toll for sustainable ocean governance, Marine Spatial Planning (MSP) can play an important role to achieve the objectives of Blue Economy. Due to various reasons, the current institutional arrangements for sustainable ocean govern as well as exploring the concept of Blue Economy is at a very rudimentary stage in Bangladesh. The objective of this section is to analyze the significance of Blue Economy in achieving sustainable ocean governance through institutional framework. In this respect, relationship between MSP and Blue Economy is examined in the paper. This section is concluded with some recommendations to improve the institutional framework to achieve the objectives of Blue Economy in Bangladesh. This research article is available in Journal of Ocean and Coastal Economics: https://cbe.miis.edu/joce/vol6/iss2/10