Viewing: Informal Economy

Navigating the Challenges: Peru’s informal economy in the fishing industry

Peru, renowned for its coastal beauty and marine biodiversity, faces unique challenges within its informal economy, particularly in the fishing industry. The livelihoods of countless fishers are intricately tied to informal practices, presenting a set of issues that impact both individuals and the sustainability of marine resources. Peru is one of the leading fishing nations in the world, historically coming in second only to China in terms of tons of wild fish caught. It’s no surprise that the fishing industry is a vital component…