Tuesday, February 5, 2013

Overfishing in Peru

In case you thought things were bad in the US Northeast, where new restrictions on the cod catch are cutting into farmer welfare, check things out in Peru, home to what the FAO calls, "The most heavily exploited fish in world history." This exploitation is having a number of costs, as the fish is at the bottom of the food chain. Economists working on marine resources need to take these into consideration!

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