The Management of High Seas Fisheries

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Abstract
A new and acute management problem, now the focus of a major U.N. conference, has arisen in recent years in international fisheries. The problem concerns the management of transboundary fishery resources, in the form of resources to be found in both the coastal state EEZ and the adjacent high seas. The resources are commonly referred to as "straddling" stocks. This article provides a preliminary exploration of the management issue. It reviews the historical and legal background and asks how far the now well developed economic analysis of the management of transboundary fishery resources in the form of resources "shared" by two or more coastal states will take us in examining this second and more recent transboundary fishery management problem. The answer is a very limited distance only. The article concludes by pointing to questions arising from this resource management issue demanding further research.

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