This article discusses the underlying causes for the problem of managing fish stocks and the
aim of fisheries management.It reviews some of the research development in the area and practical experiences. Further, it deals with the future challenges and discusses potential successful strategies and outlines the necessary conditions for actual progress from the current state.

This article discusses bioeconomic analysis and different management strategies in fisheries. It reviews recent developments, which show the need to expand the analysis to multispecies fisheries and management.