[Kaminski, A.M., Kruijssen, F., Cole, S.M., Beveridge, M.C., Dawson, C., Mohan, C.V., Suri, S., Karim, M., Chen, O.L., Phillips, M.J., Downing, W., Weirowski, F., Genschick, S., Tran, N., Rogers, W. and Little, D.C. (2020), A review of inclusive business models and their application in aquaculture development. Rev Aquacult, 12: 1881-1902. https://doi.org/10.1111/raq.12415]
This publication analyzes 36 papers using a global value chain (GVC) approach, detailing seven different inclusive business models, including contract farming, to assess their applicability in aquaculture value chains in lower-income countries. Through this analysis, it was found that most of these models focused on economic upgrading over social upgrading which was identified as key to achieving the objectives of inclusive business models (IBMs). Secondly, integrating local value chain actors and smallholder farmers into aquaculture value chains through IBMs can lead to positive development outcomes and establish economies based on sustainable and ethical trade and business practices. Consequently, improved and more frequent cross-coordination between these types of included aquaculture actors is seen to create further opportunities of economic upgrading, thereby fueling sustained economic growth. Such economic growth is needed to achieve the Sustainable Development Goals (SDGs) for the aquaculture industry. Further exploration of the applications of these models to aquaculture systems and development of inclusiveness indicators are still needed.
