Latin American fish production has expanded significantly in recent years. Unfortunately, as management systems in the three major Latin American fish producing countries have not developed at the same pace, all three countries now experience problems of overfishing and industrial overcapitalisation. This article examines the distinctive national fisheries development programmes that have led to this ‘tragedy of the oceans’. By comparing and contrasting the Peruvian, Chilean and Mexican management styles, it offers a critical assessment regarding the likely direction of future Latin American fisheries policy.
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