Governance of the Global Commons: The Deep Seabed, the Antarctic, Outer Space
The global commons are resource domains or areas which no nation exerts sovereignty over. Three typical global commons include the deep seabed, Antarctica and outer space. These domains are considered important due to not only their abundant resources, but also for the security of mankind. These com...
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ftrepec:oai:RePEc:ris:kiepwe:2014_029 2023-05-15T13:50:08+02:00 Governance of the Global Commons: The Deep Seabed, the Antarctic, Outer Space Kim, Bo Min https://doi.org/10.2139/ssrn.2488449 unknown http://dx.doi.org/10.2139/ssrn.2488449 preprint ftrepec https://doi.org/10.2139/ssrn.2488449 2020-12-04T13:30:56Z The global commons are resource domains or areas which no nation exerts sovereignty over. Three typical global commons include the deep seabed, Antarctica and outer space. These domains are considered important due to not only their abundant resources, but also for the security of mankind. These commons, however, have been free of any national or international regulation. The absence of exclusive property rights could lead to economic inefficiency and international conflicts. This inherent problem is put forth by Garrett Hardin in his famous article. In order to avoid such problems, many theories or principles are postulated. One of these principles is the principle of the common heritage of mankind (CHM). It has been accepted and applied to the global commons since it was incorporated into the United Nations Conventions on the Law of the Sea (UNCLOS). With improving technology and the emergence of developing countries, the application of the CHM has been a source of controversy. It has therefore become necessary to suggest new principles for the governance of the global commons. This article looks into the common properties of the global commons and the governance they are currently under. Governance; Global Commons; International Cooperation; Antarctica; Deep Seabed; Space Report Antarc* Antarctic Antarctica RePEc (Research Papers in Economics) Antarctic The Antarctic SSRN Electronic Journal |
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The global commons are resource domains or areas which no nation exerts sovereignty over. Three typical global commons include the deep seabed, Antarctica and outer space. These domains are considered important due to not only their abundant resources, but also for the security of mankind. These commons, however, have been free of any national or international regulation. The absence of exclusive property rights could lead to economic inefficiency and international conflicts. This inherent problem is put forth by Garrett Hardin in his famous article. In order to avoid such problems, many theories or principles are postulated. One of these principles is the principle of the common heritage of mankind (CHM). It has been accepted and applied to the global commons since it was incorporated into the United Nations Conventions on the Law of the Sea (UNCLOS). With improving technology and the emergence of developing countries, the application of the CHM has been a source of controversy. It has therefore become necessary to suggest new principles for the governance of the global commons. This article looks into the common properties of the global commons and the governance they are currently under. Governance; Global Commons; International Cooperation; Antarctica; Deep Seabed; Space |
format |
Report |
author |
Kim, Bo Min |
spellingShingle |
Kim, Bo Min Governance of the Global Commons: The Deep Seabed, the Antarctic, Outer Space |
author_facet |
Kim, Bo Min |
author_sort |
Kim, Bo Min |
title |
Governance of the Global Commons: The Deep Seabed, the Antarctic, Outer Space |
title_short |
Governance of the Global Commons: The Deep Seabed, the Antarctic, Outer Space |
title_full |
Governance of the Global Commons: The Deep Seabed, the Antarctic, Outer Space |
title_fullStr |
Governance of the Global Commons: The Deep Seabed, the Antarctic, Outer Space |
title_full_unstemmed |
Governance of the Global Commons: The Deep Seabed, the Antarctic, Outer Space |
title_sort |
governance of the global commons: the deep seabed, the antarctic, outer space |
url |
https://doi.org/10.2139/ssrn.2488449 |
geographic |
Antarctic The Antarctic |
geographic_facet |
Antarctic The Antarctic |
genre |
Antarc* Antarctic Antarctica |
genre_facet |
Antarc* Antarctic Antarctica |
op_relation |
http://dx.doi.org/10.2139/ssrn.2488449 |
op_doi |
https://doi.org/10.2139/ssrn.2488449 |
container_title |
SSRN Electronic Journal |
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1766253100928073728 |