The document discusses fisheries co-management as an alternative approach to centralized fisheries management that involves partnerships between local fishing communities and government agencies in jointly managing fisheries resources. It provides reasons for adopting co-management, including ineffective top-down management and the need for community participation. The document also outlines different levels of participation in co-management from informing to full community control and examines the roles of communities and governments in various management functions under a co-management approach.