Open AccessApproaches in the world and in Vietnam Ocean Economy - Definition and classification
Author(s) -
Hoang Thanh Nga
Publication year - 2018
Publication title -
khoa học và công nghệ: kinh tế - luật - quản lý
Language(s) - English
Resource type - Journals
ISSN - 2588-1051
DOI - 10.32508/stdjelm.v2i1.501
Subject(s) - prosperity , scope (computer science) , goods and services , economy , welfare , world economy , standard of living , business , geography , economics , economic growth , political science , market economy , computer science , law , programming language
The ocean economy is essential to the future welfare and prosperity of humankind as a lot of countries and hundreds of millions of people depend on it. The estimation and recognition of the ocean economy’s value are therefore significant. However, it is complicated to compare the ocean economy among countries because of the differences in definition, classification standard and scope. This study aims to provide perspectives of the ocean economy of some countries such as the U.S., Australia, UK, and Japan as well as of renowned academics. Consequently, the ocean economy is defined in the study as the economic activities that take place on the sea or in the sea; economic activities using resources from the sea in the process of producing goods and providing services; economic activities that provide goods and services for economic activities that take place on the sea or in the sea.