 Transnational Corporations and Ocean Technology Transfer: New Economic Zones Are Being Developed by Public/Private Partnerships but Deep Sea Miners Balk on RoyaltiesChennat Gopalakrishnan American Journal of Economics and Sociology, 1989, vol. 48, issue 3, 373-383 Abstract: 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. Date: 1989 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:ajecsc:v:48:y:1989:i:3:p:373-383 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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