Evaluate the implications for the rate of exploitation of shrimp fishing in China under circumstances of “open access”.

ChineseexploitationofShrimpFarming.docx

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Shrimp 2

THE CHINESE EXPLOITATION OF SHRIMP FARMING

by Jeffrey Hunt

Environmental and Resource Economics

Dr. Tom M van Rensburg

NUI Galway

Galway, Ireland

25 September 2018

Abstract

Of the aquaculturally available food options, shrimp is the second largest traded fish stock. For a renewable resource such as shrimp, its’ overexploitation has led to implications on its’ own worth, as well as the ecosystems that it inhabits. Additionally, of all commodities for developing nations, shrimp ranks as the most exploited net exported commodity ahead of coffee and sugar. Due to net exports ranging higher than $35 billion for the United States, it is clear that the driving demand for shrimp will continue to cause trading nations to farm and hunt shrimp at an increasing rate for consumption. This paper will assess, with a focus on the Chinese shrimp farming processes, how shrimp are nearly poisonous due to antibiotic use off of the coast which has led to high levels of nitrates, what other aquaculture stocks are harmed due to overexploitation, and how the excessive farming of shrimp has led to destruction of mangroves. The results will show how the overconsumption of shrimp will not be worth the tradeoffs due to the detriment on our human bodies and the coastal ecosystem of China.

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