Koppiahraj Karuppiah, Jose Arturo Garza‐Reyes, Naveen Virmani
{"title":"Pathways to a Sustainable Blue Economy: Exploring Its Barriers in an Emerging Economy","authors":"Koppiahraj Karuppiah, Jose Arturo Garza‐Reyes, Naveen Virmani","doi":"10.1002/bse.4294","DOIUrl":null,"url":null,"abstract":"A sustainable blue economy is primarily intended for responsible consumption of ocean resources, achieving economic growth, and strengthening the overall ecosystem. The roots of the blue economy are embedded in sustainable development, exploiting opportunities for economic welfare and growth, simultaneously focusing on conserving marine health. A sustainable blue economy helps protect and restore ocean health and its ecosystem, facilitating biodiversity and reducing environmental degradation. Moreover, it provides sustainable ways for social well‐being by supporting the livelihood of the people living in nearby areas. However, adopting a blue economy is complex, as highlighted in the literature. Therefore, in the presented research, the barriers to adopting a blue economy are investigated using scholarly research and verified using expert opinions. Moreover, we used a hybrid approach in this proposed research, a Fermatean Fuzzy Set‐based Analytic Hierarchy Process (AHP), and a Decision‐Making Trial and Evaluation Laboratory (DEMATEL). The research results show that the marine environment and technological infrastructure are the most significant barriers. The research results are highly insightful for business professionals, policymakers, and researchers trying to adopt sustainable blue economy practices successfully. Also, it will mitigate environmental issues, improve ocean health, and improve sustainable fisheries and aquaculture.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"183 1","pages":""},"PeriodicalIF":12.5000,"publicationDate":"2025-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Business Strategy and The Environment","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1002/bse.4294","RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
A sustainable blue economy is primarily intended for responsible consumption of ocean resources, achieving economic growth, and strengthening the overall ecosystem. The roots of the blue economy are embedded in sustainable development, exploiting opportunities for economic welfare and growth, simultaneously focusing on conserving marine health. A sustainable blue economy helps protect and restore ocean health and its ecosystem, facilitating biodiversity and reducing environmental degradation. Moreover, it provides sustainable ways for social well‐being by supporting the livelihood of the people living in nearby areas. However, adopting a blue economy is complex, as highlighted in the literature. Therefore, in the presented research, the barriers to adopting a blue economy are investigated using scholarly research and verified using expert opinions. Moreover, we used a hybrid approach in this proposed research, a Fermatean Fuzzy Set‐based Analytic Hierarchy Process (AHP), and a Decision‐Making Trial and Evaluation Laboratory (DEMATEL). The research results show that the marine environment and technological infrastructure are the most significant barriers. The research results are highly insightful for business professionals, policymakers, and researchers trying to adopt sustainable blue economy practices successfully. Also, it will mitigate environmental issues, improve ocean health, and improve sustainable fisheries and aquaculture.
期刊介绍:
Business Strategy and the Environment (BSE) is a leading academic journal focused on business strategies for improving the natural environment. It publishes peer-reviewed research on various topics such as systems and standards, environmental performance, disclosure, eco-innovation, corporate environmental management tools, organizations and management, supply chains, circular economy, governance, green finance, industry sectors, and responses to climate change and other contemporary environmental issues. The journal aims to provide original contributions that enhance the understanding of sustainability in business. Its target audience includes academics, practitioners, business managers, and consultants. However, BSE does not accept papers on corporate social responsibility (CSR), as this topic is covered by its sibling journal Corporate Social Responsibility and Environmental Management. The journal is indexed in several databases and collections such as ABI/INFORM Collection, Agricultural & Environmental Science Database, BIOBASE, Emerald Management Reviews, GeoArchive, Environment Index, GEOBASE, INSPEC, Technology Collection, and Web of Science.