Ahmed, M., C.K. Chong and H. Cesar (eds.)
The overall goal of the workshop was to identify future economic and policy research directions relevant to the sustainable management of coral reefs. The directions were to be identified through review and discussion of the effectiveness of policy instruments; analysis of past research findings; and analysis of the interdependency of community livelihood, coral reefs and their resources. For more effective policy instruments to be introduced by any government, we believe that economic valuation and cost benefit analysis are important processes. They will provide information on the various values of coral reefs, which could allow decision-makers to devise policies that optimize the services and functions provided by the reef ecosystems and their capacity to support the livelihood of coastal communities.