The aim of the paper is to present issues connected with responsibility in the fishery industry. The paper discusses the ‘tragedy of common.’ An attempt was made to formulate proposals for how to increase the efficiency of marine resource management and reduce the problem of declining fisheries. The publication analyses the current Common Fisheries Policy in the context of overfishing. It will take a great deal of serious effort for fishermen, scientists and politicians to solve the problem of the Baltic Sea. The rebirth of fish stocks will create healthier ecosystems and greater reproduction of fish populations. A higher number of fish schools may result in more balanced catch figures. It is expected that profits will increase and thereby result in more jobs and higher salaries, leading to a greater overall profitability of the fishing sector.
Keywords: common pool resources, exploitation of marine resources, tragedy of common, The Common Fisheries Policy
JEL classification: Q22