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Marine mining and its potential implications for low- and middle-income countries

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  • Anton Löf
  • Magnus Ericsson
  • Olof Löf

Abstract

After 50 years of optimistic predictions that marine mining will soon take off, it still remains to be seen if and when this will happen. In 2018 the total value of all marine mining, including both offshore mining and the so far non-existing deep-seabed mining, was estimated to be around US$35 billion, less than 1 per cent of land-based mining. This paper focuses on the potential economic effects for LICs and MICs of expanding the extraction of marine deposits.

Suggested Citation

  • Anton Löf & Magnus Ericsson & Olof Löf, 2022. "Marine mining and its potential implications for low- and middle-income countries," WIDER Working Paper Series wp-2022-170, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2022-170
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    File URL: https://www.wider.unu.edu/sites/default/files/Publications/Working-paper/PDF/wp2022-170-marine-mining-potential-implications-low-middle-income-countries.pdf
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    References listed on IDEAS

    as
    1. Aguilera,Roberto F. & Radetzki,Marian, 2015. "The Price of Oil," Cambridge Books, Cambridge University Press, number 9781107525627.
    2. Aguilera,Roberto F. & Radetzki,Marian, 2015. "The Price of Oil," Cambridge Books, Cambridge University Press, number 9781107110014.
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    More about this item

    Keywords

    Marine resources; Mining; Fiscal regime; Low income countries; Middle-income countries;
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