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Effective management of harvesting within fisheries requires the setting of a management target for the stock biomass of the fishery. Common targets are harvest strategies that maintain the stock biomass at levels of MEY of a fishery, or those that provide a maximum sustainable yield (MSY). From an economic perspective a management target of MEY is preferred, and is the target specified by the economic objective of the Commonwealth Fisheries This objective specifies that fisheries need to be managed in a way that maximizes net economic returns to the Korean community from management of South...

A new development paradigm is emerging that links the economy and culture, embracing economic, cultural, technological and social aspects of development at both the macro and micro levels. Central to the new paradigm is the fact that creativity, knowledge and access to information are increasingly recognized as powerful engines driving economic growth and promoting development in a globalizing world. In many definitions as we saw Creative Economy considered as cultural and art products that directly involve in human beings history and culture. On the other hand, in many South Asian countries...