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Blue economy incorporates several aspects of economics and advocates for the sustainable use of ocean resources. It involves integrating several emerging sectors such as bioprospecting, renewable energy, marine biotechnology, and aquaculture. To write any case study related to the blue economy, one should understand the related industries and their activities. Students often get stuck with blue economy case study assignments or cannot deliver them with utmost quality due to the topic's complexity. If you also have similar concerns, you can surely count on us. Online Assignment Help holds the pride of providing professional assistance in writing top-notch, high-quality, and error-free case studies with zero plagiarism.

What is the Blue Economy?

The blue economy is an emerging concept that aims to promote social inclusion, economic development, and the conservation of livelihoods while ensuring the sustainable utilization of ocean and coastal resources. It advocates for the sustainable development of the marine and maritime sectors since seas and oceans possess immense potential for development and innovation and can contribute significantly to the global economy. The blue economy plays a crucial role in providing clean energy, sustainable job opportunities, sustainable mobility, food security, and a circular economy. The circular economy is an economic model that aims to eliminate oceanic and coastal wastes and advocates for efficient use, recovery, and recycling of ocean resources.

A significant challenge to the blue economy is managing and understanding several aspects of ocean sustainability, including water pollution, sustainable fisheries, and maintenance of ecosystem health. Another challenge to the blue economy is to ensure efficient collaboration across several sectors and borders through various types of partnerships to sustain the ocean resources.

University Prevalence:

Several Australian universities offer courses related to the blue economy. Some of the leading universities are the University of Wollongong, Griffith University, the University of Western Australia, the University of Tasmania, and the University of Sydney. With a global ranking of 193, the University of Wollongong offers a doctoral course (Ph.D.) in the Blue economy. Griffith University holds a global ranking of 33, and it offers a research scholarship degree in Blue economy. With a global ranking of 93, the University of Western Australia offers a postgraduate course in Ocean Leadership. The University of Tasmania holds a global ranking of 303, and it offers a short-term course in Maritime Economics. With a global ranking of 38, the University of Sydney offers a postgraduate degree course in Sustainability.

Learning outcomes of Blue Economy courses:

By the end of the blue economy course, a student will be able to:

  • Describe the concept of the Blue Economy.
  • Explain some of the significant activities that employ coastal and marine space.
  • Determine the role of Sustainability in managing marine resources.
  • Identify how entrepreneurs can generate innovative job opportunities in the blue economy.
  • Discuss the administration and functioning of the maritime industry considering the economic point of view.
  • Describe the structure and functioning of the general, specialized, and bulk shipping markets.
  • Explain the association between sustainable development and the blue economy.
  • Determine the economic advantages of the blue economy
  • Describe the supply and demand of the shipping services and identify various factors that influence the shipping industry.
  • Develop an understanding of how various sectors and disciplines should function together to rule out the challenges faced by the blue economy
  • Critically analyze the ocean and coastal issues considering the governmental, industry, and non-governmental points of view.
  • Demonstrate strong judgemental skills in presenting potential solutions and recommendations for ocean challenges.
  • Demonstrate efficient leadership and management skills in solving ocean and coastal issues.

Literature review:

The idea of the Blue economy was put forward at a Senate Committee meeting on Commerce, Science, and Transportation in 2009. It was discussed that the blue economy could provide new sustainable jobs and business opportunities owing to its significant contribution to the overall economy of the USA. In 2010, a leading advocate for the blue economy put forward an economic model. This model proposed that "the blue economy is an innovative technological concept that aims to supply services and products at affordable rates, advocate for the generation of local jobs, and is respectful to the competitive environment of the markets."

The terms "blue economy," "marine economy," and "ocean economy" have been used interchangeably by many research scholars, without any clear definitions. The 2012 conference of the United Nations on Sustainable Development discussed prioritizing the ocean areas. It proposed several initial goals like "sustainable production and utilization patterns," generation of sustainable energy for all, food security, disaster management, and resilience. 

The blue economy can lead to two different conflicts of interest. One is related to economic growth and emergence and the other one is related to procuring and preserving the ocean resources. The primary aim of the blue economy models is to overcome the scarcity of resources and consider the issues causing environmental disturbances. Thus, it is essential to develop solutions that employ all the available opportunities and evaluate all the potential threats to the ocean economy. Some scholars merged the blue economy with the United Nations Sustainable Development Goals and proposed several aims linked to the Blue economy. These goals were to maintain underwater life and land ecosystems, advocate for justice and peace, and form stable organizations and federations to attain the desired goals. However, this was challenging since the common component of both was included in goal 14 of the sustainable development goals.

The European Union, in 2012, executed its blue growth strategy and formed several sectors within the area of the blue economy. The blue growth economy divided the blue economy sector into five sub-sectors: Mineral resources, Biotechnology, Renewable Energy, Aquaculture, and Coastal and Maritime Tourism. The blue growth strategy also integrated other sectors with the subsectors of the blue economy, including Transportation, fishing, ship construction and repair, and offshore oil and gas extraction (Martínez-Vázquez et al., 2021). Perks of hiring us for professional case study writing help:

Case studies are typical assignments given to the students pursuing degrees in psychology, medicine, business, law, and other disciplines. Although they are helpful and engaging, students often get stuck with them. If the case studies are based on the newly studied field of the blue economy, then it could be an added burden for them. The blue economy case studies could be challenging to understand or frame since the students have to think out of the box. Also, they have to develop an in-depth understanding of world economics and various concepts of the blue economy. There is no hard and fast rule in this realm. The lack of knowledge in this field may compromise the quality of the assignments owing to which students score poorly in their assignments. If you also have the same concern and seek professional assistance in the blue economy case studies, you can surely count on us. We at My Essay Mate are the best in the market because we offer:

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