A Review on Marine Economics and Management: How to Exploit the Ocean Well

Abstract

With the objective of establishing methods for high-quality marine development and effective marine management, this review focuses on four dimensions of marine development: marine economy, marine resources, marine ecology, and marine accounting. The focus of marine economy research is the marine industry, with the marine circular economy being the latest research frontier. Marine resources are the foundation of the marine economy. To use different types of marine resources more efficiently, it is necessary to apply the property right system of natural resources to marine fields. The healthy development of the marine economy is guaranteed by marine ecology. How to scientifically measure marine ecological loss and evaluate the marine ecological environment carrying capacity and marine ecological security is key to the sustainable development of the marine economy. The development of the marine economy is based on successful marine accounting. The lack of marine data globally has made marine accounting controversial. The study aims to review the development history and latest research frontiers for various marine-related fields and identify existing problems in the processes of marine economic development and marine management, with a view to finding a breakthrough for transforming and upgrading marine development, improving the marine economic governance system, and strengthening the modernization of marine governance capacity, so as to better develop and utilize the oceans.