The financialisation of the fishing industry Galicia as a case study

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EJGE front page. Volume 10, number 1. 2021
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Published: Jun 17, 2021

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Federico Martin Palmero
Department of Economics, Universidade da Coruña
Spain
https://orcid.org/0000-0003-3790-5789
Fernando Gonz´ález Laxe
Department of Economics, Universidade da Coruña, Spain
Spain
https://orcid.org/0000-0001-5399-3446
Vol. 10 No. 1 (2021), Articles, pages 65-79
DOI: https://doi.org/10.17979/ejge.2021.10.1.7444
Submitted: Jan 20, 2021 Accepted: Mar 3, 2021 Published: Jun 17, 2021
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Abstract

Successive technical and organizational innovations have modelled the current structure and composition of the fishing industry. The market structure varies considerably between countries and the fish species they catch. There is a generalised global convergence towards an industrial-outsourced model, in which companies occupy a central and basic position in economic strategies. Two predominant key trends are identified: financialisation and the monopolisation of fishing areas. This paper begins with an analysis of the fishing sector from the perspective of the presence of investment funds that hold stakes in companies specialising in a principal region of Europe.

Keywords:

fisheries sector, financialisation, investment funds, business concentration

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