Ch. 6:The Economic Loss Associated with Coral Reef Degradation
Author(s)
Burka, L.; Spalding, Mark D.; Selig, L.
Abstract
Coral reefs along southeast Asia provide more than 11-29 percent of the fishing industry productions, they also are a source of great biodiversity, scientific and pharmaceutical potential, and educational opportunity. It is estimated that coral reefs locates in areas of tourism net an economic benefit per square kilometer of between $23,000 and $270,000. Economically, over fishing is the most devastating activity to the Philippines and Indonesia as sustainable fishing will actually generate more money over a 20-year period ($63,000) while ensuring a stable food supply for these populations. Blast fishing likewise damages reefs and the tourism businesses associated with them, most strongly effecting the Philippines because of the prevalence of blast fishing in the waters there. While serious damage has already been done, it is not too late to take measures aimed at reversing the negative impact of human activity in the waters of southeast Asia. Effective planning and management of coastal areas would benefit all of southeast Asia far beyond mere economic viability, helping all the peoples of these countries.
