Poverty Environment Partnership
Reports and Articles
Assuming that fisheries can be managed in such a way as to generate their implicit wealth (resource rents), this paper discusses what might be done with such rents. Decisions on such usage must in practice emerge from the political process. It is not the intention of this paper to suggest that there is a right set of decisions that must be made, still less to tell countries what to do, but rather to raise issues to take into consideration.
This paper aims to present the fundamental ideas underpinning resource rent and to give some idea of its economic importance. However, the concept of resource rent is not easy to explain simply because it depends on an understanding of some key economic concepts (such as opportunity costs and normal profits). Due to its central role in fisheries exploitation, all fisheries managers need to have some familiarity with these terms. It should be an important part of policy development to ensure a minimum training in economics for fisheries managers.
Environmental fiscal reform (EFR) refers to a range of taxation and pricing measures which can raise fiscal revenues while furthering environmental goals. EFR can play an important role in pursuing the MDGs of ﾓhalving absolute povertyﾔ and of ﾓ reversing the loss of environmental resources by the year 2015ﾔ. This document outlines the key issues to be faced when designing environmental fiscal reform (EFR).
While significant development progress has been achieved over the past two decades, with almost 650 million people moving out of extreme poverty in developing countries between 1990 and 2008, nearly 1.3 billion women, men and children have been left behind living on less than US$1.25 per day.