Institution(s): Hong Kong Institute of Economics and Business Strategy , Hong Kong Centre for Economic Research

Date: Apr 26, 2000 (Wednesday)

Time: 12:00 noon - 02:00 pm

Venue: Drawing Room, Grand Hyatt Hong Kong

Medium : English

Cost : HK$450 per person

Abstract:

Managing the limited marine resources in the South China Sea poses many obstacles and challenges. Over-exploitation and illegal fishing activities are becoming a serious threat to the fishing industry, causing damage to the fish stocks as well as increasing the costs of operation.

Professor Hannes Gissurarson of the University of Iceland will discuss the development of private property rights in marine resources based on the research he conducted for his new book, "Individual Transferable Quotas in Theory and Practice" and his forthcoming book, "Overfishing: The Icelandic Solution". He will provide insights as to what we can learn from Iceland's successful solution in helping the fishing industry increase its long-term revenues and, at the same time, protect and increase the levels of different kinds of fish stocks. He will also explore what role the government plays in this challenging task and how this translates to practical help for the fishing industry in Asia.

Professor Hannes Gissurarson is Director of the Jon Thorlaksson Institute, Professor of Politics at the University of Iceland, editor for Icelandic Television Programs, visiting scholar at Stanford University, George Mason University, and the UCLA, as well as writer of numerous published articles. He is a board member of a number of organizations such as Mont Pelerin Society and Nordic Institute for Asian Studies. He obtained his Ph.D. in Politics from Oxford University and his B.A. at University of Iceland. For the past 12 years, Professor Gissurarson has published more than 16 books.