Li, M., 2020. The innovation of management policy and system of marine economy. In: Al-Tarawneh, O. and Megahed, A. (eds.), Recent Developments of Port, Marine, and Ocean Engineering. Journal of Coastal Research, Special Issue No. 110, pp. 64–66. Coconut Creek (Florida), ISSN 0749-0208.
The ocean is an important strategic space for China to achieve sustainable development. Resource and environment constraints seriously affect the sustainable development of the marine industry. Institutional innovation is an important countermeasure for sustainable development. It is the institutional innovation of the marine economic management system to properly authorize different agents in the marine economic management. The marine ecosystem has the nature of public products. If it is damaged, it needs to establish the marine economic ecological compensation mechanism, which is the institutional innovation to realize the development of the marine economy. This paper reviews the current situation of marine economic development in the marine economic experimental area, and summarizes the research ideas of policy and institutional mechanism innovation to ensure the development of marine economy.