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Fisheries co-management as an alternative to centralised command and control fisheries management is often suggested as

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The full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that:• a full bibliographic reference is made to the original source • a link is made to the metadata record in DRO • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders.Please consult the full DRO policy for further details. ABSTRACTIn the 1980s, rural settlements in the Northeast of Thailand were farming-focused and strategies of living were structured around the need to secure subsistence in the face of a capricious environment and a weak developmental state. More than half of households in the region lived below the poverty line and the immediate prospects for "development" were not bright. Drawing on a 25-year longitudinal study of two villages in Mahasarakham, the paper describes and reflects on how risk and vulnerability have been re-shaped during a quarter of a century of profound economic and social change. From largely environmental and local, the pattern of risk and opportunity have become increasingly economic and non-local as external events wash across the shores of rural settlements like Ban Non Tae and Ban Tha Song Korn.