The New Economic Model and fisheries development in Latin America

The New Economic Model (NEM) has profoundly influenced fisheries development in Latin America, facilitating the emergence of new and increasingly influential interest groups within the industry. It has also stimulated new forms of production and prompted new legislation to regulate fishing in the region's most important fishing countries. These changes have coincided with Latin America's increasing importance in world fisheries production and trade. The NEM has not, however, resolved the sector's fundamental problems, such as overfishing, overcapitalization and conflict, and has arguably exacerbated them.