EFFECT OF COMMUNITY INVOLVEMENT ON THE UTILITY OF THE BLUE ECONOMY OF THE INDIAN OCEAN
Abstract
The Indian Ocean has huge economic value and potential in terms of exploration of offshore gas and oil, short and deep-sea shipping, marine aquatic products, aquaculture and fisheries, blue biotechnology and ocean renewable energy. There is considerable amount of literature on the place and relevance of community involvement in the management of the blue economy. Provision of opportunities to the local people is essential in curbing rebellion of blue economy projects. Thus, involvement of coastal communities is at the heart of maritime security. The findings of the study revealed that Indian Ocean had huge blue economy potential in terms of provision of livelihoods to the coastal people in addition to the investment opportunities to several onshore and offshore businesses, such tourism, transport, mineral exploration, among others.
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