The New International Economic Order and the new regime for fisheries management

Abstract

The 200-mile exclusive economic zone for fisheries management is criticized by some as being inconsistent with demands for a New International Economic Order. This paper examines the implications of the new fisheries regime for the developing countries. While the regime is no panacea, it will improve the allocation of resources and the bargaining leverage of developing countries. Their long-term success in achieving nutritional, employment and commercial benefits will depend upon availability of infrastructure and venture capital for processing and marketing of the catch, sea-orientation among the peoples and the pattern of internal economic concentration.