Cod Wars and institutions are supposed to pacify interstate behavior. The Cod Wars are also held up as an example of the decreasing salience of hard power in international relations, with implications for realist theory which emphasizes the importance of hard power. Theorists on asymmetric bargaining have emphasized how Iceland, lacking structural power, can still have an issue power advantage, with its greater commitment to the cause. A 2017 study argues that the occurrence of the Cod Wars is inconsistent with liberal international relations theory, including the democratic peace thesis, as the "supposedly pacifying factors of the liberal peace – democracy, trade
Fishing industry in England Fishing industry in England The fishing industry in England covers the fish processing industry and fishing trawler companies that fish around England. Important English seafishing ports include: The fishing industry in England was once much larger than it is today. As a response to declining stocks Common Fisheries Policy imposed quotas on the amount of catch than can be brought ashore this prevented a collapse in the industry and Cod has since been reclassified as sustainable Updated statistics from the UK's Marine Management Organisation on the UK fishing sector show that UK vessels landed 724 thousand tonnes of sea fish