Abstract
The historical development of the fisheries for seals, whales, finfish and krill in the Antarctic is outlined. Particular emphasis is given to the development of the Antarctic krill fishery, the continued exponential expansion of which is causing increasing concern among fishery biologists and economists. The main prospects for fisheries development in the Antarctic lie with Antarctic krill and the stocks of baleen whales that are now recovering satisfactorily. Because of their ecological coupling, the existing pattern of exploitation implies that trade-offs between krill and whales have already begun and may soon significantly affect the future economic benefits that could be derived from this ecosystem. Thus important management decisions that will affect the future size and shape of these two fisheries must be faced now.
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