The evidence shows systematic under-investment in human capital, inadequate attention to institutional capital, and over-exploitation of natural capital.
The report author, German liberal Gesine Meissner said a more integrated policy could prevent over-exploitation of the sea, and tackle issues such as piracy and smuggling.
The Humboldt current supports one of the world's great fisheries: despite years of over-exploitation, its plankton-rich waters teem with shoals of Pacific pilchard (anchoveta) and horse mackerel.