The exclusive economic zone and economic development in the Pacific island countries

The exclusive economic zone (EEZ) became accepted internationally in the 1970s. This transferred resource wealth to the coastal states establishing such zones. The history of the EEZ is reviewed, and its impact on the economic development of the Pacific island states considered. The growth performance and the tuna fishery development of these states are reviewed and possible causes of limited success discussed. The use of trust funds to increase the resource wealth of the Pacific island states is briefly considered.