Crucially, the Blue Economy differs from Blue Growth—while the latter tries to maximize economic growth, the former focuses on sustainability. The Blue Economy in the regionLatin America is just adopting the Blue Economy. Challenges of the Blue Economy in the Region:The implementation of a holistic Blue Economy approach within the region faces many challenges, among which it is important to highlight as follows:The adoption of the concept of Blue Economy in all dimensions. The confusion between Blue Economy and Blue Growth may generate a deviation in regional and country-specific objectives. The interests of conventional actors in large, strategic industries limit the incorporation of minority group interests into Blue Economy strategies.

Source: New York Times January 23, 2023 22:48 UTC