Opportunities and Challenges of the Blue Economy in Improving Coastal Economies
DOI:
https://doi.org/10.62872/0kjb2m52Keywords:
Blue Economy, Coastal Economy, Renewable Energy, Marine Resources Management, Sea-Based TourismAbstract
This study investigates the opportunities and challenges of the Blue Economy in improving coastal economies, focusing on the management of marine resources, renewable energy utilization, marine ecosystem quality, sea-based tourism, and technological innovation. The research explores the impact of these factors on the growth and sustainability of coastal economies, with an emphasis on the challenges such as environmental issues, dependence on natural resources, and the need for better infrastructure and community skills. The findings reveal that Blue Economy initiatives can drive significant economic development by promoting sustainable resource management and boosting sectors like fishing, tourism, and renewable energy. The study underscores the importance of strategic policies, collaboration between stakeholders, and the adoption of innovative technologies to maximize the potential of the Blue Economy for coastal communities.
Downloads
References
Akomolafe, D. T., Yerokun, O. M., & Akande, S. (2022). Challenges and Prospects of the Deployment of Blue Economy in the Coastal Areas of Ondo State. Journal of Production, Operations Management and Economics (JPOME) ISSN, 2799-1008.
Akpomera, E. (2020). Africa’s Blue Economy: potentials and challenges for more locally beneficial development. Review of African Political Economy, 47(166), 651-661.
Bax, N., Novaglio, C., Maxwell, K. H., Meyers, K., McCann, J., Jennings, S., ... & Carter, C. G. (2021). Ocean resource use: building the coastal blue economy. Reviews in fish biology and fisheries, 1-19.
Cisneros-Montemayor, A. M., Moreno-Báez, M., Reygondeau, G., Cheung, W. W., Crosman, K. M., González-Espinosa, P. C., ... & Ota, Y. (2021). Enabling conditions for an equitable and sustainable blue economy. Nature, 591(7850), 396-401.
Cisneros-Montemayor, A. M., Moreno-Báez, M., Voyer, M., Allison, E. H., Cheung, W. W., Hessing-Lewis, M., ... & Ota, Y. (2019). Social equity and benefits as the nexus of a transformative Blue Economy: A sectoral review of implications. Marine Policy, 109, 103702.
Clegg, P., Mahon, R., McConney, P., & Oxenford, H. A. (2020). Blue economy opportunities and challenges for the wider Caribbean. The Caribbean blue economy, 9-20.
Colgan, C. S. (2018). The Blue Economy. Blue Econ. Handb. Indian Ocean Reg, 38.
Ebarvia, M. C. M. (2016). Economic assessment of oceans for sustainable blue economy development. Journal of Ocean and Coastal Economics, 2(2), 7.
Elisha, O. D. (2019). The Nigeria blue economy: Prospects for economic growth and challenges. Int J Sci Res Educ, 12(5), 680-699.
Evans, L. S., Buchan, P. M., Fortnam, M., Honig, M., & Heaps, L. (2023). Putting coastal communities at the center of a sustainable blue economy: A review of risks, opportunities, and strategies. Frontiers in Political Science, 4, 1032204.
Faran, F., & Ejaz, K. (2022). Blue economy of maritime nations in south asia: challenges and prospects. South Asian Studies, 37(1).
Gamage, R. N. (2016). Blue economy in Southeast Asia: Oceans as the new frontier of economic development. Maritime Affairs: Journal of the National Maritime Foundation of India, 12(2), 1-15.
Hoerterer, C., Schupp, M. F., Benkens, A., Nickiewicz, D., Krause, G., & Buck, B. H. (2020). Stakeholder perspectives on opportunities and challenges in achieving sustainable growth of the blue economy in a changing climate. Frontiers in Marine Science, 6, 795.
Islam, M. K., Rahaman, M., & Ahmed, Z. (2018). Blue economy of Bangladesh: Opportunities and challenges for sustainable development.
Khan, T., & Emon, M. H. (2024). Exploring the Potential of the Blue Economy: A Systematic Review of Strategies for Enhancing International Business in Bangladesh in the context of Indo-Pacific Region. Review of Business and Economics Studies, 12(2), 55-73.
Maraliza, H. (2024). The Effect Of Service Quality On Customer Interest In Saving At Islamic Banks With Religiosity As A Moderation Variable. Nomico, 1(5), 42-52.
Nurein, S. A. (2022). Opportunities and Challenges of Enterprise Development in the Blue Economy: A Developing Economy Perspective. Implications for Entrepreneurship and Enterprise Development in the Blue Economy, 18-30.
Potgieter, T. (2018). Oceans economy, blue economy, and security: notes on the South African potential and developments. Journal of the Indian Ocean Region, 14(1), 49-70.
Rasowo, J. O., Orina, P., Nyonje, B., Awuor, S., & Olendi, R. (2020). Harnessing Kenya’s Blue Economy: prospects and challenges. Journal of the Indian Ocean Region, 16(3), 292-316.
Spalding, M. J. (2016). The new blue economy: the future of sustainability. Journal of Ocean and Coastal Economics, 2(2), 8.
Sungkawati, E. (2024). Opportunities and Challenges: Adopting “Blue-Green Economy” Terms to Achieve SDGs. Revenue Journal: Management and Entrepreneurship, 2(1), 01-13.
Suseno, B., & Dewi, M. (2024). Reviving Organizational Commitment: The Role of Job Satisfaction, Transformational Leadership, and Work-Life Balance. Nomico, 1(5), 1-11.
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Sugeng Siswanto, Heru Subiyantoro, Cicih Ratnasih (Author)
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
