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Selki

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Last online: October 2019

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The Blue Growth for Better Bangladesh: Opportunities and Challenges

 

Introduction:  Economy and the ocean have ever evolving relationship since the earliest development stage of civilization. Primarily oceans were considered as a source of food and energy, later on it started to play significant role in global trade and commerce. Nowadays it is one of the most important economic forces. There are many of those have their origins in growing familiarity with the ocean environment; new technologies that make it environmentally feasible and economically viable to acquire new resources from the oceans; long-term growth and new demographic trends set up for fuelling; the search for food security and for alternative sources of energy and minerals; seaborne trade and coastal urbanization etc..

 

Blue Growth or blue economy has its origins in the broader green movement. It was aimed on growing awareness of the heavy damage on ocean ecosystems by human activities, like- over fishing, habitat destruction, pollution and the impact of climate change. It is the integration between economic growth, environmental sustainability, social inclusion and strengthening oceans eco system. It also seek conservation and well management of bio diversity, including marine ecosystem and genetic resources

 

Blue Growth and Bangladesh: The blue growth assumes a vital part for our nation. Since over 70% of our planet is secured by the sea and around 90%of the world's exchange of products is directed via ocean. The fact that our nation has won the large maritime boundary. It has made large scopes to investigate mineral resources from the seabed without obstacles. A great supply of living and non-living assets is available under the seabed and water section. In any case, we have a shortage of skilled labor to determine the availability and investigate the assets. To manufacture skilled labor in these segments, we have found a way to import advanced education on oceanography in Bangladesh.

 

Significance of Blue Growth in Bangladesh: It's high time that Bangladesh set up to utilize the ocean assets and fitted its labor with learning and innovation to bring success to the country. The rising ocean level and saltiness are two significant difficulties to the seaside populace, and we need to upgrade our ability to secure ourselves in such circumstance. We expect that the blue economy will make another skyline of expectations and desires to transform Bangladesh into a developed nation.

The blue economy concept was perhaps unknown in Bangladesh. But after the settlement of sea limit border question with Myanmar and India discussion started on the blue economy. The general verdict helped Bangladesh setting up sovereign rights over the living and non-living assets of the Bay of Bengal inside 200 nm. Similarly, the decision with India declared on seventh July 2014. Bangladesh's economy is ocean-borne to a proper extent, and with $ 130 billion GDP the nation's economy stands the 44th position in the world. Focusing the significance of blue economy, Prime Minister Sheik Hasina (on first September 2014 in the global workshop on the blue economy in Dhaka) said that marine-based economic activities and administration of ocean and its assets through "Blue Economy" could make new skyline for the improvement of a coastal nation like Bangladesh. At present, 90% of the nation's exchange is transported through the ocean. The fisheries and others mineral assets in the Bay of Bengal can contribute enormously to the economy of Bangladesh. Marine fishes are one of the valuable export items of Bangladesh. It is now more appropriate to depend on sea assets and management of sea resources through the blue economy

 

Opportunities:

 

New form of economic activity: South Asian countries area uniquely blessed the Bay of Bengal, the most crucial Bay within the world deckled by Bangladesh to the North, India to the west. It has vast potentials for the Blue Economy.

 

The productive economic sectors of blue growth area unit emphasized and regarded in harnessing the total utilization of ocean-based resources primarily inside the current maritime boundary of Bangladesh. If this ocean based resources area unit managed by correct coming up with and inter-sectoral coordination of public-private partnership and investment, it'll generate a powerful foundation for earnings and economic advantages below the approach of blue economy. On the opposite hand, if marine is primarily based financial resources with potential sectors are managed and ruled by principles of diversity protection, conservation and efforts for care area unit tangled with a vision of scientific understanding, the blue economy will produce some opportunities to resolve the problems of climate changes at the coastal areas also. It would additionally generate more new jobs and convey concerning tangible changes within the livelihood and keep off the vast folks living on the outline, in islands, and across Bangladesh. A coordinated approach with all involved stakeholder's teams is needed to see the extent to that the constraints mentioned later may be changed into opportunities, and to make sure that development of the blue growth doesn't end in unsustainable and damaging practices for the good thing about short-term economic gains over longer terms economic and social advantages. Specifically, for Bangladesh, this involves developing a maritime or marine spatial coming up with the directive to detail coordination between blue economy growth sectors and stakeholders to make sure property development.

 

Shipping: Coastal nations ought to position themselves concerning facilities to catch up for this developing exchange and optimize their advantages. The ship is safest, most secure, additional productive and ecologically stable for transportation of any product from one country to a different. Apart from Chittagong and Mongla seaports, establishment work of most desired deep sea port at Sonadia island of Cox’s Bazar is going on.

 

Fisheries: Fisheries is a significant economic sector in nations with coasts on the Bay of Bengal geographical region, viz. Sri Lanka, India, Bangladesh, Myanmar, Thailand, Malaya, and country. Fish is that the most demandable animal primarily based super molecule in the food of the overall population in these countries. In light-weight of a current estimate, the combination variety utilized on a full-time basis in fisheries within the space lined by the Bay of the geographical region (BOBP) is one.85 million. Globally 350 million jobs are connected to marine fish, with ninety percent of fishers living in developing countries.

 

Tourism: Marine and coastal business enterprise are significance to several developing nations. Business enterprise could be a major worldwide industry.

 

Energy: Offshore fields drawn thirty second of overall rock oil production and this project could ascend to thirty-fourth in 2025, as an oversized portion of the retrievable formal oil is evaluated to be in seaward fields-a fourth of that in the problem.

 

Biotechnology: Marine biotech has the potential to deal with a suite of global difficulties, to Illustrate, property food provides, human health, energy security, and natural remedy.

 

Submarine mining: The planet is getting ready for the exploration and exploitation of mineral stores on and beneath the ocean floor. Industry, owing to increasing product worth, is popping its attention to the potential wealth of nodules, cobble and then on. Business profit is substantial in buds.

 

Harvesting Power Generation: Researchers have already completed the primary ocean tests of a system that uses an artificial muscle to come up with power from the motion of a float riding up and down on the waves. Though the example produces little electricity, the researchers say that wave forms supported the technology may eventually rival wind turbines in power output that provides a significant supply of fresh energy and will massively contribute profit, an influence hungry nation.

 

Shipping and port facilities: 80% of the world trade by volume, and over 70% by worth, is carried by the ocean and handled by ports worldwide. For developing countries, these percentages are generally higher.

 

Challenges:

 

Transition Complexity: Transition from ocean economy to blue growth is a complex process and requires long term undertaking.

 

Balancing between growth and conservation:  A sustainable ocean economy and blue growth will offer a path for considering economic development and ocean health as compatible propositions.

 

Knowledge gap between the stakeholders: Without common understanding of blue growth and a clear framework that involve every stakeholders of blue economy, progress in blue growth will be a challenge.

 

Policy formation and implementation: The absence or severe lack of ‘proper policy’ and ‘marine related peoples/resource persons’ at higher policy levels and similar national organizations/body in relevant ministry/department is a significant drawback for the implementation of many issues related to the capacity development of different marine sectors in Bangladesh.

 

Keeping pace with the ever changing economic activity: Reform of institutions governing the ocean economy is required to keep pace with accelerating economic activity.

Financing innovations: Current scenario suggest that there is need for new and innovative financing mechanisms, more capital than is currently being deployed, and a greater degree of collaboration between the public and private sectors.

 

Preventives :

 

  • We have to be compelled to guarantee our sovereignty over the entire coastal space & maintaining the safety over the commercial coastal area of the Asian nation.
  • The authority should be controlled water level rise and alter in system and temperatures, from coral bleaching.
  • Lack of knowledge, expert workforce, and technology to take maximum benefits from the blue economy, especially for exploiting deep-sea fishes and seabed resources.
  • Lack of cordial combination of visionary political leadership, efficient bureaucracy, investors of real entrepreneurial attitude and innovative development thinkers to succeed in that plan.
  • We have no robust master plan which will be focused on the entire coastal belt and targeting extra-regional players.
  • Establishing marine friendly infrastructure for marine tourism.
  • Keeping up an investment-friendly environment in the specific area.
  • Economical utilization of biodiversity.
  • Safeguarding mangrove and ocean grass.
  • Addressing environmental change and managing carbon discharge
  • Preventing acidification of waters.
  • Keeping ocean region free from pollution.

 

Conclusion

 

It can be concluded that Bangladesh needs at this moment to create more awareness and broaden the horizon towards utilizing maritime resources and bring about socio-economic changes in the lives of people of Bangladesh. Waters surround the country from three parts, and it has many rivers. The blue economy can be one of the possible solutions for Bangladesh to achieve sustainable economic growth. The current scenario of the blue economy in Bangladesh. Our sea production and aquaculture production is increasing. It is a good sign. However, frequent floods in Bangladesh are damaging the possibilities of blue sectors. Without having well-trained, skilled and educated human resources in different marine industries, sustainable and dynamic blue economy is not possible for any country. The coastal areas like Cox's Bazar, St. Martin, Kuakata can contribute much to the economic development of Bangladesh if we can use these resources appropriately. The government should take future policy-framework for the success of the Blue Economy which may focus on structural collaboration; translating research in products, holistic approach to the Blue Economy; and motivating & training young generations.

The Blue Growth for Better Bangladesh: Opportunities and Challenges

 

Introduction:  Economy and the ocean have ever evolving relationship since the earliest development stage of civilization. Primarily oceans were considered as a source of food and energy, later on it started to play significant role in global trade and commerce. Nowadays it is one of the most important economic forces. There are many of those have their origins in growing familiarity with the ocean environment; new technologies that make it environmentally feasible and economically viable to acquire new resources from the oceans; long-term growth and new demographic trends set up for fuelling; the search for food security and for alternative sources of energy and minerals; seaborne trade and coastal urbanization etc..

 

Blue Growth or blue economy has its origins in the broader green movement. It was aimed on growing awareness of the heavy damage on ocean ecosystems by human activities, like- over fishing, habitat destruction, pollution and the impact of climate change. It is the integration between economic growth, environmental sustainability, social inclusion and strengthening oceans eco system. It also seek conservation and well management of bio diversity, including marine ecosystem and genetic resources

 

Blue Growth and Bangladesh: The blue growth assumes a vital part for our nation. Since over 70% of our planet is secured by the sea and around 90%of the world's exchange of products is directed via ocean. The fact that our nation has won the large maritime boundary. It has made large scopes to investigate mineral resources from the seabed without obstacles. A great supply of living and non-living assets is available under the seabed and water section. In any case, we have a shortage of skilled labor to determine the availability and investigate the assets. To manufacture skilled labor in these segments, we have found a way to import advanced education on oceanography in Bangladesh.

 

Significance of Blue Growth in Bangladesh: It's high time that Bangladesh set up to utilize the ocean assets and fitted its labor with learning and innovation to bring success to the country. The rising ocean level and saltiness are two significant difficulties to the seaside populace, and we need to upgrade our ability to secure ourselves in such circumstance. We expect that the blue economy will make another skyline of expectations and desires to transform Bangladesh into a developed nation.

The blue economy concept was perhaps unknown in Bangladesh. But after the settlement of sea limit border question with Myanmar and India discussion started on the blue economy. The general verdict helped Bangladesh setting up sovereign rights over the living and non-living assets of the Bay of Bengal inside 200 nm. Similarly, the decision with India declared on seventh July 2014. Bangladesh's economy is ocean-borne to a proper extent, and with $ 130 billion GDP the nation's economy stands the 44th position in the world. Focusing the significance of blue economy, Prime Minister Sheik Hasina (on first September 2014 in the global workshop on the blue economy in Dhaka) said that marine-based economic activities and administration of ocean and its assets through "Blue Economy" could make new skyline for the improvement of a coastal nation like Bangladesh. At present, 90% of the nation's exchange is transported through the ocean. The fisheries and others mineral assets in the Bay of Bengal can contribute enormously to the economy of Bangladesh. Marine fishes are one of the valuable export items of Bangladesh. It is now more appropriate to depend on sea assets and management of sea resources through the blue economy

 

Opportunities:

 

New form of economic activity: South Asian countries area uniquely blessed the Bay of Bengal, the most crucial Bay within the world deckled by Bangladesh to the North, India to the west. It has vast potentials for the Blue Economy.

 

The productive economic sectors of blue growth area unit emphasized and regarded in harnessing the total utilization of ocean-based resources primarily inside the current maritime boundary of Bangladesh. If this ocean based resources area unit managed by correct coming up with and inter-sectoral coordination of public-private partnership and investment, it'll generate a powerful foundation for earnings and economic advantages below the approach of blue economy. On the opposite hand, if marine is primarily based financial resources with potential sectors are managed and ruled by principles of diversity protection, conservation and efforts for care area unit tangled with a vision of scientific understanding, the blue economy will produce some opportunities to resolve the problems of climate changes at the coastal areas also. It would additionally generate more new jobs and convey concerning tangible changes within the livelihood and keep off the vast folks living on the outline, in islands, and across Bangladesh. A coordinated approach with all involved stakeholder's teams is needed to see the extent to that the constraints mentioned later may be changed into opportunities, and to make sure that development of the blue growth doesn't end in unsustainable and damaging practices for the good thing about short-term economic gains over longer terms economic and social advantages. Specifically, for Bangladesh, this involves developing a maritime or marine spatial coming up with the directive to detail coordination between blue economy growth sectors and stakeholders to make sure property development.

 

Shipping: Coastal nations ought to position themselves concerning facilities to catch up for this developing exchange and optimize their advantages. The ship is safest, most secure, additional productive and ecologically stable for transportation of any product from one country to a different. Apart from Chittagong and Mongla seaports, establishment work of most desired deep sea port at Sonadia island of Cox’s Bazar is going on.

 

Fisheries: Fisheries is a significant economic sector in nations with coasts on the Bay of Bengal geographical region, viz. Sri Lanka, India, Bangladesh, Myanmar, Thailand, Malaya, and country. Fish is that the most demandable animal primarily based super molecule in the food of the overall population in these countries. In light-weight of a current estimate, the combination variety utilized on a full-time basis in fisheries within the space lined by the Bay of the geographical region (BOBP) is one.85 million. Globally 350 million jobs are connected to marine fish, with ninety percent of fishers living in developing countries.

 

Tourism: Marine and coastal business enterprise are significance to several developing nations. Business enterprise could be a major worldwide industry.

 

Energy: Offshore fields drawn thirty second of overall rock oil production and this project could ascend to thirty-fourth in 2025, as an oversized portion of the retrievable formal oil is evaluated to be in seaward fields-a fourth of that in the problem.

 

Biotechnology: Marine biotech has the potential to deal with a suite of global difficulties, to Illustrate, property food provides, human health, energy security, and natural remedy.

 

Submarine mining: The planet is getting ready for the exploration and exploitation of mineral stores on and beneath the ocean floor. Industry, owing to increasing product worth, is popping its attention to the potential wealth of nodules, cobble and then on. Business profit is substantial in buds.

 

Harvesting Power Generation: Researchers have already completed the primary ocean tests of a system that uses an artificial muscle to come up with power from the motion of a float riding up and down on the waves. Though the example produces little electricity, the researchers say that wave forms supported the technology may eventually rival wind turbines in power output that provides a significant supply of fresh energy and will massively contribute profit, an influence hungry nation.

 

Shipping and port facilities: 80% of the world trade by volume, and over 70% by worth, is carried by the ocean and handled by ports worldwide. For developing countries, these percentages are generally higher.

 

Challenges:

 

Transition Complexity: Transition from ocean economy to blue growth is a complex process and requires long term undertaking.

 

Balancing between growth and conservation:  A sustainable ocean economy and blue growth will offer a path for considering economic development and ocean health as compatible propositions.

 

Knowledge gap between the stakeholders: Without common understanding of blue growth and a clear framework that involve every stakeholders of blue economy, progress in blue growth will be a challenge.

 

Policy formation and implementation: The absence or severe lack of ‘proper policy’ and ‘marine related peoples/resource persons’ at higher policy levels and similar national organizations/body in relevant ministry/department is a significant drawback for the implementation of many issues related to the capacity development of different marine sectors in Bangladesh.

 

Keeping pace with the ever changing economic activity: Reform of institutions governing the ocean economy is required to keep pace with accelerating economic activity.

Financing innovations: Current scenario suggest that there is need for new and innovative financing mechanisms, more capital than is currently being deployed, and a greater degree of collaboration between the public and private sectors.

 

Preventives :

 

  • We have to be compelled to guarantee our sovereignty over the entire coastal space & maintaining the safety over the commercial coastal area of the Asian nation.
  • The authority should be controlled water level rise and alter in system and temperatures, from coral bleaching.
  • Lack of knowledge, expert workforce, and technology to take maximum benefits from the blue economy, especially for exploiting deep-sea fishes and seabed resources.
  • Lack of cordial combination of visionary political leadership, efficient bureaucracy, investors of real entrepreneurial attitude and innovative development thinkers to succeed in that plan.
  • We have no robust master plan which will be focused on the entire coastal belt and targeting extra-regional players.
  • Establishing marine friendly infrastructure for marine tourism.
  • Keeping up an investment-friendly environment in the specific area.
  • Economical utilization of biodiversity.
  • Safeguarding mangrove and ocean grass.
  • Addressing environmental change and managing carbon discharge
  • Preventing acidification of waters.
  • Keeping ocean region free from pollution.

 

Conclusion

 

It can be concluded that Bangladesh needs at this moment to create more awareness and broaden the horizon towards utilizing maritime resources and bring about socio-economic changes in the lives of people of Bangladesh. Waters surround the country from three parts, and it has many rivers. The blue economy can be one of the possible solutions for Bangladesh to achieve sustainable economic growth. The current scenario of the blue economy in Bangladesh. Our sea production and aquaculture production is increasing. It is a good sign. However, frequent floods in Bangladesh are damaging the possibilities of blue sectors. Without having well-trained, skilled and educated human resources in different marine industries, sustainable and dynamic blue economy is not possible for any country. The coastal areas like Cox's Bazar, St. Martin, Kuakata can contribute much to the economic development of Bangladesh if we can use these resources appropriately. The government should take future policy-framework for the success of the Blue Economy which may focus on structural collaboration; translating research in products, holistic approach to the Blue Economy; and motivating & training young generations.

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