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Transnational Corporations and Ocean Technology Transfer: New Economic Zones Are Being Developed by Public/Private Partnerships but Deep Sea Miners Balk on Royalties

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  • Chennat Gopalakrishnan

Abstract

. Coastal state jurisdiction at 200‐nautical miles is today a fact of international law. This has led to a unique situation in the ownership and control of ocean resources; thus 15 coastal states have received among them approximately 41 percent of the world's 200 mile economic zone area. At least half of these are less‐developed coastal states (LDCS) which lack the key inputs, capital, technology, and managerial skill, essential to tap their ocean resources. A significant part of ocean technology in offshore oil, fisheries, aquaculture, and deep seabed mining exists in the private sector. Consequently, the transnational corporations (TNCs) are the major providers of ocean technology to the LDCS by a process of transfer through service contracts, turnkey operations, co‐production agreements and, most importantly, Joint ventures. All evidence points to a continued constructive partnership between the LDCS and the TNCs under the new regime of ocean resource management.

Suggested Citation

  • Chennat Gopalakrishnan, 1989. "Transnational Corporations and Ocean Technology Transfer: New Economic Zones Are Being Developed by Public/Private Partnerships but Deep Sea Miners Balk on Royalties," American Journal of Economics and Sociology, Wiley Blackwell, vol. 48(3), pages 373-383, July.
    • Handle: RePEc:bla:ajecsc:v:48:y:1989:i:3:p:373-383
    DOI: 10.1111/j.1536-7150.1989.tb03190.x
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    References listed on IDEAS

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    1. World Bank, 1987. "World Development Report 1987," World Bank Publications - Books, The World Bank Group, number 5970.
    2. Kirthisingha, P. N., 1983. "International policies on the economic resources of the deep-seabed," Resources Policy, Elsevier, vol. 9(2), pages 77-98, June.
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    Cited by:

    1. Yoav Wachsman, 2002. "A Model of Fishing Conflicts in Foreign Fisheries," Working Papers 200216, University of Hawaii at Manoa, Department of Economics.

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