Friday, June 15, 2012

Economics

The economic impact of dead zones

The fishing industry is a major food source, particularly in certain regions. Food in general, as one of the necessities of human survival, tends to be a fairly large business. In the case of the dead zone of the southern coast of the US, there is a shrimping industry that has an annual income of in excess of half a billion dollars. This has formed some economic incentive to start researching the issue, however other regions where either the fishing hasn't been affected yet, or are not attached to a first world country do not seem to be under extensive research. 

In the case of the US the situation has conistently appeared to be run off as the cause of the dead zones, however the solution to this and other possible causes are still relatively poorly understood. Without funding the global fish population could suffer, which would have a negative impact starting with the fishing industry, and rippling throughout the entire food industry potentially. This is one of the reasons why some groups are trying to push forward solutions to farmers that are economically viable, but the long term impact of these solutions is still poorly understood.

The bottom line is that there is still too little research to adequately understand the full long term ramifications of the dead zones in the world. While work is being done to remedy that, the economic impact is looking increasingly gloomy, particularly when the positive impact of the disappearance of the dead zone in the Black Sea is factored in. If you consider the fact that the industry should have been there all along and wasn't, it's reasonable to assume the tough times may be ahead for certain groups in the US.

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