The common heritage of mankind as a means to assess and advance equity in deep sea mining

Marie Bourrel, Torsten Thiele and Duncan Currie

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: A key objective of the United Nations Convention on the Law of the Sea (UNCLOS) as stated in its Preamble, is to contribute to the realisation of a just and equitable international economic order which takes into account the interests and needs of mankind as a whole and, in particular, the special interests and needs of developing countries. As for any other principles of international law, the context within which the principle of the common heritage of mankind (CHM) has been developed is essential to understanding the philosophy behind it, its evolution and more particularly, the challenges faced today for is effective implementation as a means to advance the concept of equity in the context of deep sea mining (DSM mining).

Keywords: common heritage of mankind principle; equity; deep sea mining; developing States; United Nations Convention on the Law of the Sea; International Seabed Authority (search for similar items in EconPapers)
JEL-codes: J01 R14 (search for similar items in EconPapers)
Date: 2018-09-01
New Economics Papers: this item is included in nep-hme and nep-hpe
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Published in Marine Policy, 1, September, 2018, 95, pp. 311-316. ISSN: 0308-597X

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