SIDS have always been highly dependent upon the seas for their well-being but the Blue ... For example in fisheries, some Coastal and marine tourism represents a significant share of the industry and is an important component of the growing, sustainable Blue Economy, supporting more than 6.5 million jobs—second only to industrial fishing. Innovation and growth in the coastal, marine and maritime sector could deliver food, energy, transport, among other products and services and serve as a foundation for sustainable development in Kenya. Another central challenge at the national level is the insufficient intersectoral coordination combined with the scarcity of central coordinating institutions for the Blue Economy (e.g., … The universally adopted ‘2030 Agenda’ envisions a present and a future that is economically 3 Examples Of Blue Ocean Strategy. These include small, undiversified economies, limited fiscal space and vii. The Blue Circular Economy is a transnational project funded by the Northern Periphery and Arctic Programme, that helps Small and Medium-Sized enterprises (SMEs) offering products and services, within fishing gear recycling solutions, to attain a great market reach. The blue economy has a great potential to contribute to higher and faster GDP growth in Kenya. Figure 3.4. The Blue Economy is a developing world initiative pioneered by SIDS but relevant to all coastal states and countries with an interest in waters beyond national jurisdiction. Despite the blue economy being a relatively new concept, we have demonstrated our promising exploration in a number of areas. Consider two types of oceans: Red oceans, where competition is fierce in bloody waters, strategy centers around beating rivals, and wins are often zero-sum. getAbstract recommends the Economist Intelligence Unit’s original overview of the new “blue economy” to all readers interested in what lies beneath. Successful blue economy examples with an emphasis on international perspectives. In order to help developing the blue-green economy the Commission can act at the EU level, for example by means of funding research and innovation, unlocking data and information, promoting the exchange of good practice and in many other ways. Time has come to shift towards a competitive business model that responds to the basic needs of all with what is locally available. The blue economy has diverse components, including established traditional ocean indus- tries such as fisheries, tourism, and maritime transport, but also new and emerging activi- ties, such as offshore renewable energy, aquaculture, seabed extractive activities, and marine Cases are emerging in coastal, estuarine and marine habitats that link social, economic and … The first example of blue ocean strategy comes from computer games giant, Nintendo, in the form of the Nintendo Wii. For some, Blue Economy means the use of the sea and its resources for sustainable eco-nomic … OVERVIEW The time to embrace the full potential of the Sustainable Blue Economy is now. The Blue Economy/Blue Growth concept featured prominently during Rio+20 and its high profile Oceans Day. A blue economy-centred development approach, which sustainably utilises ocean resources, has the potential to mitigate some of the inherent structural challenges of small states. REALISING ECONOMIC OPPORTUNITY BUILDING A SUSTAINABLE FUTURE THROUGH ENTERPRISE. blue economy, by exploring concepts of sustainable development, the way they have evolved over time and how they have been translated into marine and coastal areas, in particular at the Mediterranean level. Blue Economy Sharing Success Stories to Inspire Change Blue Economy initiatives and applications are emerging around the world and are proving to be diverse, dynamic and wide-ranging. The term Blue Economy refers to the development of oceanic economic activities in an integrated and sustainable way. Blue Economy.” The Principles offer: The PURPOSE of the PRINCIPLES During the past few years, the term “Blue Economy” or “Blue Growth” has surged into common policy usage, all over the world. Blue Economy Concept 43 Figure 3.5. The 'blue' economy represents roughly 5.4 million jobs and generates a gross added value of almost €500 billion a year. Historically the Blue Economy has been recognised as the great engine of growth and prosperity in industrialised nations. For example Voyer et al. About the Author The Economist Intelligence Unit is an independent research and analysis organization. The primary goal of the Blue Economy is to identify examples in nature where organic recycling or upcycling occurs and mimic these processes to find out where and how the waste that we generate can be innovatively used again (the video below highlights this with anexample of turning coffee waste into fertiliser for mushrooms). This page contains the questions addressed to the functional mailbox and the answers provided, regarding the call for proposals "Blue Economy Call".It is based on the rules and conditions contained in the legal documents relating to EASME/EMFF/2018/1.2.1.7 Call for proposals. Example of the Blue Economy Conceptual Framework: Tourism, Waste Disposal, and Ecosystems 50 Figure 3.8. Seeing is believing. However, further growth is possible in a number of areas which are highlighted within the strategy. Blue Economy Activity in Bangladesh: Estimates suggest some 3 million Bangladeshi directly and indirectly depend on oceanic economic activities like fisheries and commercial transportation. The strategy consists of three components: 1. Proposed Blue Economy Policy Framework for Aligning Ocean Health and Economic Growth 47 Figure 3.7. Before we dive into Blue Ocean Strategy examples, let’s get clear on what a blue ocean is. Successful Blue Economy Examples With an Emphasis on International Perspectives @article{Wenhai2019SuccessfulBE, title={Successful Blue Economy Examples With an Emphasis on International Perspectives}, author={Lu Wen-hai and C. Cusack and M. Baker and W. Tao and Chen Ming-bao and K. Paige and Zhang Xiao-fan and L. Levin and E. … With the launch of iTunes, Apple unlocked a blue ocean of new market space in digital music that it has now dominated for more than a decade. DOI: 10.3389/fmars.2019.00261 Corpus ID: 184487700. Goals and delivering smart, sustainable and inclusive growth globally. The EU Blue Economy Report analyses the scope and size of the blue economy in the European Union, solidifying a baseline to support policymakers and stakeholders in the quest for a sustainable development of oceans, sea and coastal resources. Blue Ocean Strategy Examples: iTunes. Diversifying the country’s economy “The New Frontier of African Renaissance” is the “blue economy,” according to the African Union.The United Nation’s Economic Commission for Africa (ECA) recently released a handbook on how Africa can make the most of its vast coastal and freshwater resources.. Out of 54 total countries in Africa, 38 are coastal, including the fastest growing economy on the continent, Kenya. The Nintendo Wii launched in 2006 and at its heart is the concept of value innovation. (2018), found that environmental NGOs tended to view the Blue Economy through the ‘oceans as natural capital lens’, while small scale fisheries and development agencies viewed it through the ‘oceans as livelihood lens’. A Blue Economy Framework 45 Figure 3.6. Eastern Caribbean Regional Ocean Policy 52 Figure 3.9. It is focused on capturing potential synergies and managing the trade-offs across industries to better address the growing threats now confronting oceans, and particularly those posed by climate change. Research Proposal for Dissertation SWOT Analysis for Potential sector of Blue Economy Development (BED) in Bangladesh Prepared by: Title : SWOT Analysis for Potential Sector of Blue Economy Development (BED) in Bangladesh An important challenge of the blue economy is thus to understand and better manage the many aspects of oceanic sustainability, ranging from sustainable fisheries to ecosystem health to pollution. In Europe for example, the blue economy represents roughly 5.4 million jobs and generates a gross added value of almost €500 billion a year. Here are a few organizations that successfully captured a blue-ocean market: Cirque du Soleil: This Canadian entertainment company began in the 1980s as a bunch of “crazy people” with a vision of what the modern circus could be. This is a key principle of blue ocean strategy which sees low … The blue economy concept puts such activities within a sustainability framework through mechanisms such as regulation and cross-sector cooperation. All new jobs are generated in only 10 countries around the world, and 40% of the population earns less than $3 per day. The Scoping study needs to come up with a first definition of a “lue Economy… Blue Economy-related institutional structures, policy processes, and regulatory regimes. 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