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Fisheries losing $50 billion a year: World Bank
Source: Posted: 10-09-2008 at 10:00:54
Thomson Financial News Super Focus, October 9, 2008 Thursday 6:08 AM GMT - As more and more fishermen chase fewer and fewer fish, $50 billion is lost each year in potential economic benefits to the fishing industry, a report released Wednesday said. Released by the World Bank and the United Nations' Food and Agricultural Organization, the report blamed poor management, inefficiencies and overfishing for more than $2 trillion of avoidable economic losses over the last three decades.

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