Harnessing Blue Economy Potential for Sustainable Development: Navigating Opportunities and Challenges

Authors

  • Farhanaz Luna Assistant Professor, Department of Business Administration, Fareast International University, Dhaka, Bangladesh

DOI:

https://doi.org/10.18034/gdeb.v13i1.768

Keywords:

Blue Economy, Sustainable Development, Ocean Resources, Marine Ecosystems, Sustainable Investment, Coastal Tourism

Abstract

The blue economy, an innovative approach to sustainable development, holds the potential to transform our world. It emphasizes the responsible use of ocean resources to foster economic growth, improve livelihoods, and preserve marine ecosystems. This paper delves into the multifaceted aspects of the blue economy, exploring its potential as a catalyst for global prosperity. By analyzing successful case studies, policy frameworks, and technological advancements, this research examines how the blue economy can be harnessed to address pressing challenges such as climate change, poverty alleviation, and food security. Furthermore, the paper highlights the importance of international collaboration, innovative technologies, and policy coherence in maximizing the benefits of the blue economy. Through a comprehensive analysis of the blue economy's current state and future prospects, this study provides valuable insights for policymakers, researchers, and stakeholders, emphasizing the need for sustainable practices to ensure a harmonious coexistence between humanity and the oceans.

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References

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Published

2024-06-30

Issue

Vol. 13 No. 1 (2024): January - June Issue

Section

Articles

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How to Cite

Luna, F. (2024). Harnessing Blue Economy Potential for Sustainable Development: Navigating Opportunities and Challenges. Global Disclosure of Economics and Business, 13(1), 21-30. https://doi.org/10.18034/gdeb.v13i1.768
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