Wealth-Based Fishery Performance indicators (Fpi) for the Evaluation and Cross-Country Comparison of Management Systems

Abstract only.The paper will report on the development of a new set of wealth-based\ud Fishery Performance Indicators (FPI) for evaluating and comparing the\ud worlds fisheries management systems. A wealth-based fishery management\ud system is one that is ecologically sustainable, socially acceptable, and\ud generates sustainable resource rents or profits. The Fishery Performance\ud Indicators identify and measure key factors that are indicators of success or\ud failure in the creation of wealth (outputs) from fisheries. Furthermore, we\ud will identify key factors that are inputs enabling the conditions and\ud contributing to the process of developing wealth-creating fisheries. We\ud have designed the FPIs so that we can assess the level of wealth that is\ud being generated and establish its connection with the individual input\ud factors that may or may not be determinants of performance. This will give\ud stakeholders who are reliant on fisheries for their livelihood critical\ud information to make a case for better fisheries management based on a\ud broader set of criteria incorporating governance and economic factors,\ud many of which are currently being ignored