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  • Essay / Economic Issues Related to Overfishing - 846

    Having food security means having access to a reliable food source that ensures that an individual has the required amount of nutrients, vitamins and minerals to lead a healthy life. An area or household is classified as safe when the people living there are not starving or living in fear of starvation. Food security is becoming a major global issue as poverty rates and food prices rise. Many factors contribute to these events, including overfishing. Overfishing is a global environmental, social and economic problem that affects the fish population available as a renewable food source in a region. Overfishing involves catching fish in excess quantities, faster than they can reproduce. As a result, it is estimated that by 2050 all of the world's fisheries will have collapsed and there will be around 9 billion people on earth, meaning demand for food will be high. Given the already high dependence on seafood, it will be very difficult to meet the needs of a rapidly growing population, given that 87% of the world's marine fisheries are exploited. Demands for fish are increasing at the same time as many fish stocks are declining, meaning fish and seafood prices can rise significantly. Overfishing is usually the result of unsustainable fishing and consumer needs. • Unsustainable fishing/bycatch: When fishermen use heavy nets and equipment to fish, more fish than needed are caught and are usually misused or discarded. In doing so, other marine animals can sometimes also be caught. This is called bycatch and most of the time the fish and animals are already dead by the time they are discarded. • Consumer needs: Most fishermen work for large production industries that export and sell their fish stocks on the market for profit. Faced with high demand for fish like bluefin tuna and fear of going bankrupt, industries are taking big steps to meet consumer needs, which can very easily lead to