FROM RESOURCE-BASED TO KNOWLEDGE-BASED PRODUCTION - THE CASE OF THE DANISH FISHING INDUSTRY

The Danish fishing industry has experienced a harsh economic situation within the last decade due to a decline in the most important fish st ocks and increasing overcapacity. Furthermore, changes in the market f or fish and fish products has caused decreasing prices in the traditio nal markets. As Danish producers cannot expect extraordinary increases in catches, the future success of the Danish fishing industry may dep end upon altering fishing patterns to bring them in line with market d emands. However, this would require a vigorous exchange of market inte lligence within the production chain. This article identifies those in stitutional paths which are hindering progress towards a knowledge- ra ther than resource-based industry and concludes that the survival of t he Danish fishing industry depends on its ability to adapt to changes in the international market via a strong cast of 'market intelligent' players.