||Vllth IIFET Conference, July, 1994
||Vllth IIFET Conference,July 16-21, 1994, Taipe, Taiwan
||In the context of an economic crisis with the recession in 1993 and a fall-off in demand, the combination, in the beginning of 1993 and 1994, of the following eventsled to a drop in prices which triggered off a social faintness in the French fishing industry, e.g. the adjustment of exchange rates, the reduction in air-freight tariffs, etc... The problem is not so much about the significance of the short term drop inprices - which is usual at this time of the year- but about the long term trends whichthis sector has been subject to for decades. Beyond the resource's biological constraints, the 1975 difficulties of French fisheries have revealed their vulnerability and dependence on the market of competitive agricultural products, the international market of sea products and the financial andindustrial sectors that impose their regulations. We have here a national example which will show you to what extent the fisheries sector is economically dependent on its financing means and on the evolution of the final demand beyond the resource's constraints. We will therefore notice the importance of prices and profits forecasts in the investment dynamics of the fisheries sector.