Small Island Developing States (SIDS) are limited by their small land masses and must look to the ocean, and the opportunities arising therefrom, in order to expand their economy. It is essential that the population understands the concept of the Blue Economy in order to harness the opportunities that exist and will emerge in order to reap the optimum results of this development strategy.
Although the phrase “Blue Economy” has been frequently used on national and international platforms, many people still struggle to understand the notion. This has prompted the innovative creation of a ‘Layman’s Guide to the Blue Economy’.
The objectives of the Guide include: sensitising the layman about what the Blue Economy concept actually is, presenting the existing industries/sectors that form part of the Blue Economy, presenting examples of other opportunities that exist but have not been tapped into locally and globally, and identifying the local support for people who want to venture into business ideas in the Blue Economy.
The James Michel Foundation, an NGO founded by the former President of the Republic of Seychelles, Mr James Alix Michel, has taken the lead in mobilising funding and sponsorship for the production of this Guide, which is expected to be published in the near future. This is an exciting new venture which will hopefully educate many on the concept of the ‘Blue Economy’ and encourage many to embrace it.
Learn more about the James Michel Foundation at: http://www.jamesmichelfoundation.org/