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The Law of the Sea and Ocean Resources

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  • Tomotaka Ishimine

Abstract

From time immemorial, the ocean has provided food, adventure, and inspiration to humanity. In recent years, the nations began to recognize the ocean as an important source of resources. The immense potential of the ocean in providing food and nutrition, particularly protein, began to be reexamined. However the ocean also contains a seed of conflict among nations since claims over ocean resources are overlapping. Attempts to establish the law of the sea have failed to reach an accord with regard to the definition of territorial waters and economic zones. At stake are the freedom of navigation, the right of fishing, and claims over mining deep seabed resources. It is imperative to examine the conflicting claims over ocean resources and to foresee the possible outcome of the law of the sea to avoid scrambles over the ocean resources among nations.

Suggested Citation

  • Tomotaka Ishimine, 1978. "The Law of the Sea and Ocean Resources," American Journal of Economics and Sociology, Wiley Blackwell, vol. 37(2), pages 129-144, April.
    • Handle: RePEc:bla:ajecsc:v:37:y:1978:i:2:p:129-144
    DOI: 10.1111/j.1536-7150.1978.tb02806.x
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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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