CONTRIBUTION OF BLUE ECONOMY IN GLOBAL ECONOMY

Abstract

Blue economy means the economy of ocean. All kinds of oceanic activities are recognized as the central part of Blue Economy. There are approx. 26 economic activities related to its domain. The main purpose of this economy is the accurate use of oceanic resources that includes all economic functions related to seas, ports, coastal zone and other ocean-based exercises in order to completely reduce environmental hazard and improve human wealth. The excellent growth and advancement of aquaculture is termed as the blue revolution, this is a method for expanding international fish output in order to assist people to consume healthier and have extra food security. The researched literature in this write-up is a quantitative document analysis related to the significance of blue economy and its share in the global economic activities. The below discussed material finds that this segment of economy has a massive share in the global economic activities and also helps chiefly in providing the employment opportunities to a larger population of the world.