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Abstract

This research abstract examines the factors that influence the blue economy in Asian nations, focusing on tourism and fishing. The study found that access to electricity and gross fixed capital formation has a positive correlation with the size of the blue economy. The paper provides an overview of the concept of the blue economy and highlights the measures that the Asian region has implemented or plans to implement to promote sustainable ocean management. The research has found that policies that promote sustainable ocean management have a positive impact on the size of the blue economy, and it confirms the necessity and efficacy of implementing sustainable ocean governance policies in the Asian region. The findings suggest that sustainable ocean management can further boost national development. The paper also discusses the challenges of implementing blue economy initiatives, such as traditional security issues related to sovereignty and jurisdictional disputes within Asia and extra-regional powers. Despite these challenges, the research suggests that sustainable ocean management policies can help overcome these obstacles and lead to successful blue economy initiatives in the Asia region.
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