Blue Economy Policy Model for the Small Island Developing States: The Case of Zanzibar
Semboja, Haji Hatibu Haji *
Department of Economics, Zanzibar University, Zanzibar, Tanzania.
Hafidh Ali Hafidh
Research and Consultancy Centre, Zanzibar University, Zanzibar, Tanzania.
*Author to whom correspondence should be addressed.
Abstract
The sustainable development of world social economic actors, activities and sectors depends upon the nature and character of world’s oceans, seas and coastal areas – the largest ecosystem on the planet. The global blue economy policy objective articulated in form of the Sustainable Development Goal # 14: is to conserve and sustainably use the oceans, seas and marine resources for sustainable social economic development. The paper presents the Blue Economy Policy Model for the Small independent Developing Island States, (SIDS) using an analytical policy model. The Blue Economy Policy Model considers wealth resources as stock and flow variables and theses are dynamic and complex production transformation function of exogenous, endogenous variables, other interdependent operations and social economic welfare. The solution and policy objective are to optimize wealth resources, for sustainable social economic welfare. The social economic welfare is a “happy state of human mind” in form the sum total of all satisfactions experienced by an individual and communities as the sum total of individual welfares in a certain geographical location. The paper recommends that in order to achieve the “transparent, equitable and optimal exploitation of all wealth resources to underpin broad-based sustainable growth and socio-economic development” the small independent developing states such as Zanzibar must take into account conditions and the importance of strengthening all wealth resource-based linkages while resources are extant so as to maximize the developmental and inter-generational impact of those resources. Also, this include the ability to see beyond national corporates and boundaries permits recognition of serious global development markets and trade threats that lie elsewhere within the dynamic context as well as the chance to pursue opportunities that would otherwise be missed.
Keywords: Blue economy model, social economic development, population growth, Zanzibar