Blue Economy Literature Review

Abstract

This article overviews the blue economy, its origins, dimensions, and its impact on the global economy. The blue economy is a concept that promotes the sustainable use of ocean resources for economic growth while also preserving the health of marine ecosystems. The chapter discusses the different dimensions of the blue economy, including marine transportation, fisheries, energy, tourism, and biotechnology. It highlights the significant contribution of the blue economy to the world economy, creating jobs, generating wealth, and supporting livelihoods. However, the chapter also highlights the challenges facing the blue economy, such as overfishing, pollution, and climate change, which threaten the health and sustainability of the marine environment. The chapter concludes by calling for greater cooperation and investment in research, innovation, and technology to address these challenges and ensure the long-term sustainability of the blue economy.