Multinational corporations, nation-states and ocean resource management: the impact of the world's 200-mile economic zone on multinational and national development

Journal Article · Sun Jul 01 00:00:00 EDT 1979 · Am. J. Econ. Sociol.; (United States)

DOI:https://doi.org/10.1111/j.1536-7150.1979.tb02822.x· OSTI ID:6109342

Gopalakrishnan, C

The extension of coastal state jurisdiction to 200-nautical miles - a fact of international law about to receive juridical status - would lead to a unique situation in the ownership of ocean resources, viz. 15 coastal states would receive among them approximately 42% of the world's 200-mile economic zone area. At least 8 of these countries are less-developed coastal states (LDCS) which lack the key factors, capital, technology, and managerial skill, necessary to tap these resources. As a result, the reliance of the LDCS on marine multinational corporations will markedly increase since a significant part of marine technology exists in the private sector. Concurrently, a dramatic rise in the control of coastal states over MNCs engaged in ocean resource development will occur. Thus, under the new regime of ocean resource management, the relationship between MNCs and nation-states is likely to be one of constructive partnership in development, rather than one of conflict and discord.

• Research Organization: Univ. of Hawaii, Honolulu
• OSTI ID: 6109342
• Journal Information: Am. J. Econ. Sociol.; (United States), Journal Name: Am. J. Econ. Sociol.; (United States) Vol. 38:3; ISSN AJESA
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290400* -- Energy Planning & Policy-- Energy Resources
COASTAL REGIONS
CONTROL
DEVELOPING COUNTRIES
INTERNATIONAL COOPERATION
LAWS
MARITIME LAWS
MULTINATIONAL ENTERPRISES
OWNERSHIP
REGULATIONS
RESOURCE DEVELOPMENT
RESOURCES
SEAS
STATE GOVERNMENT
SURFACE WATERS