Nobel laureate for Economics, Elinor Ostrom, spoke at the OECD in June. At a time when new models are needed, could her ideas on common resources and governance offer guidance?

After environmental and economic turbulence, Canada’s fisheries are being reformed. The sector is now undergoing a renaissance, though challenges remain.

In 2004, net exports of fish reeled in more than $20 billion to developing countries– nearly four times more than coffee exports and nearly ten times more than tea exports. According to the UN Food and Agriculture Organization (FAO), that same year, fish provided more than 2.6 billion people around the world with at least 20% of their average per capita animal protein intake. As Globalisation in Fisheries and Aquaculture: Opportunities and Challenges makes clear, only through international co-operation will these vast and crucial industries be saved from their own success.