Last time I was in class, Professor Sweetman said something about the United Nations Convention on the Law of the Sea. I decided to look up and felt that it was quite problematic solution that it was signed by different nations. It brought a boundary that every country should follow. I also found that there was a sort of squabble by the United States towards this treaty because it was unfair to America’s economy and security. Looking at the treaty it was not fair to free market and seemed to favor the economic system of what used to be communist states. I personally felt that we are not apart of the United Nations and that we should not have to go by what a group of countries set for themselves. We should go by what is in the best interest of the United States economy and its national security.
Week 2 – Blog 2
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June 19, 2008 at 8:40 pm
There is a lot of hot debate when it comes to sea rights because of course there is “gold in the ocean”. Many countries want rights to international waters because of the oil beanth it and also to bennefit international trade. Do you think dividing up the vast oceans to different countries is a viable solution? Additionally, an issue that comes up when private rights aren’t granted to a specific group is known by economists as “tragedy of the commons”. Basically this theory states that if something is not directly owned, then nobody will take care of it. As far as the ocean goes there is massive amounts of pollution, by having countries own international waters it would greatly help this problem.