The Sunken Billions
The Sunken Billions is a study jointly published in 2008 by the World Bank and by the Food and Agriculture Organization of the United Nations (FAO).According to the report, "by improving governance of marine fisheries, society could capture a substantial part of this $50 billion annual economic loss.At the same time, a nation's natural capital in the form of fish stocks could be greatly increased and the negative impacts of the fisheries on the marine environment reduced."The excess competition over the limited fish resources results in declining productivity, economic inefficiency, and depressed fisher incomes.A 2017 update of the report found that the difference between potential and actual economic benefits from global fisheries had grown to USD 83 billion per year.