The importance of SMEs in the global value chain of the Icelandic fisheries
As in many resource based industries where the resources are in abundance but the home market is small, the solution is to export goods processed from these resources. Consequently, domestic activities must be linked to international activities. The Icelandic fishing industry has for a long time cla...
| Main Authors: | , , |
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| Format: | Text |
| Language: | English |
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| Online Access: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.605.7852 http://staff.unak.is/hreidar/skjol/knutsson_et_al_malta_sme.pdf |
| Summary: | As in many resource based industries where the resources are in abundance but the home market is small, the solution is to export goods processed from these resources. Consequently, domestic activities must be linked to international activities. The Icelandic fishing industry has for a long time claimed a considerable advantage over its counterparts in other nations. This assumption, until the introduction of the ITC system, rested to a certain degree on the country’s easily accessible, rich natural fish resources and the freedom for new actors to enter the industry. But when the present fisheries management system (FMS) was introduced in Iceland in the early 1980s, the fishing rights were mostly allocated free of charge to all active fishing companies according to their catch volume in the three years prior to the introduction of the FMS system. In other words, for the most parts, the owners of the fishing companies got exclusive rights to the fishing grounds, a very valuable asset. In 1990 individual transferable quotas (ITQ) were introduced as major part of the FMS system. Since then the inherent |
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