Excludable but Non-Rivalrous Goods
countries, such as China, Phillipines, and Indonesia. As a result,
many developing countries are encouraging rapid expansion of
their own fishing fleets with the all-too-predictable results that
their domestic waters will soon be seriously overfished.
Worldwide action saved most species of whales. It remains to
be seen how many types of fish will be caught to extinction and
how many will recover as individual nations slowly learn the
lesson of economic theory. Common-property resources need
central management if they are not to be overexploited to an
extent that risks extinction.Trends in the State of the World’s Marine Fish Stocks
(World Fisheries and Aquaculture. Rome, Italy. Source: Food and Agriculture Organization of the United Nations. 2016. The State ofhttp://www.fao.org/3/a-i3720e.pdf
Reproduced with permission.)