 Multinational Corporations, Nation‐States and Ocean Resource Management: The Impact of the World's 200‐mile Economic Zone on Multinational and National Development*Chennat Gopalakrishnan American Journal of Economics and Sociology, 1979, vol. 38, issue 3, 253-260 Abstract: 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 percent 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. Date: 1979 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:ajecsc:v:38:y:1979:i:3:p:253-260 Ordering information: This journal article can be ordered from Access Statistics for this article American Journal of Economics and Sociology is currently edited by Laurence S. Moss More articles in American Journal of Economics and Sociology from Wiley Blackwell |
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