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Globally, over 90% of all fishing vessels and about 22 million fishers are considered small-scale. Despite their high numbers, small-scale fisheries are often understudied. They are usually economically and politically marginalized, and therefore vulnerable to large-scale threats (e.g., globalized markets). To support this sector and contribute to its sustainability, we argue that it is fundamental to understand how economically viable small-scale fisheries are. Hence, the main objective of this article is to critically review and describe the current discourse on the economic viability of small-scale fisheries. We find that currently, economic viability is mainly equated with financial viability, where profitability is the goal. In consideration of socio-economic aspects, the maintenance of nonnegative net benefits to society is often not considered in current notions of economic viability. While these shortcomings have been acknowledged in some of the existing literature, our review shows that they have not yet been addressed comprehensively. We therefore conclude that it is necessary to develop or expand current methods to better take into account social aspects when assessing the economic viability of small-scale fisheries. This would help find solutions to make these fisheries less vulnerable and better equipped to face large-scale processes of change. [ABSTRACT FROM AUTHOR]

Abstract: Our study objective is to quantify the present and historical contribution of small-scale fisheries to national economies. We focus on the small-scale fishing sector in Sabah, Malaysia, and use a previously reconstructed time series of Sabah''s small-scale catches as the basis for estimating the economic value of these fisheries. Our findings suggest that since the early 1990s, small-scale fish catches in Sabah may have been undervalued by up to 225%. Presently, small-scale fisheries may be supporting up to an additional 3.5% of Sabah''s population. Further, accounting for the economic impact of unaccounted small-scale fisheries value could have potentially tripled the reported contribution that commercial and small-scale fisheries combined made to GDP in 2009. Overall, our results show that the socio-economic contribution of small-scale fisheries to Sabah society have been substantially undervalued or even unaccounted for historically and in present fisheries statistics. This undervaluation also implies that fishing pressure on Sabah''s inshore marine resources is probably a lot higher than presently perceived, raising concerns about the long-term sustainability of these fisheries resources, and the capacity for Sabah''s inshore fisheries to support coastal livelihoods into the future. Our study strongly suggests the need for more encompassing fisheries monitoring and data collection methods which target the large population of small-scale fishers whose catch is largely unreported. [Copyright &y& Elsevier]

This paper investigates the impact of the European Union landing obligation in the Galician (North West of Spain) multispecies small-scale gillnet fishery. By combining results from semi-structured interviews with small-scale fishers and a bioeconomic model, we found that the percentage of discards for small-scale fisheries is usually low, which is consistent with general empirical observations globally but can be high when quotas are exhausted. Our results also confirm that the landing obligation would generate negative impacts on fishers' activities by investing more time on-board to handle previously discarded fishes, and putting at risk the security of fishers at sea due to full use of allowable storage on-board coupled with often adverse sea conditions in Galician bays. The application of the landing obligation policy to small-scale fisheries would result in short- and long-term losses of fishing days and yields, with high negative impacts on sustainable fisheries such as the Galician multispecies small-scale gillnet fishery. The expected number of fishing days under the landing obligation is estimated to be reduced by 50% during the five years following the implementation of the policy. The future yield (catches) under the landing obligation would be only 50% of catches expected in the absence of the landing obligation, regardless of the total volume of quotas allocated to the fleet. [ABSTRACT FROM AUTHOR]