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As part of a joint ICLARM-Resources for the Future, Inc. program, in June 1977 the author undertook a 9-month study whose objectives were to examine changes taking place in the law of the sea, identify the likely effects, and stimulate further research and thinking about problems facing those who will be making decisions on fisheries management. Although the major areas of concern were Southeast Asia and the South Pacific, the study has general relevance to other regions of the world.
The fry industry of the milkfish in the Philippines is alleged to suffer from certain inefficiencies, principal among which are an annual shortage to meet the stock requirements of the 176,000 ha of fishponds in the country, and the failure of the pricing system to direct and allocate the fry resources geographically. Contrary to these and other allegations, this paper presents a preliminary analysis that indicates a higher level of performance for the industry than hitherto supposed.
The International law of the sea is undergoing significant changes affecting the use and enjoyment of marine fishery resources. The effects of these changes, however, are quite dissimilar among the different regions of the world, because of the wide disparity in the characteristics and geography of the coastal states and the fishery resources.