What do you Understand by International Resources?
By BYJU'S Exam Prep
Updated on: November 9th, 2023
International Resources governed by international bodies are the properties of the nations in the world. Resources are any elements of our environment that can be used to satisfy our needs, provided they are technologically feasible, economically viable, and culturally acceptable. All countries in the world own global resources.
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International Resources
Ocean resources beyond the 200 nautical mile limit of the Exclusive Economic Zone belong to the open ocean and cannot be used by any one country without the approval of international organizations.
- All countries collectively own the resources that are categorized as international. Seas and oceans are two examples.
- The movement of resources across borders is regulated by some international institutions.
- For instance, each country is allowed to access a specific number of oceans.
- This area, which is limited to a 200-kilometer radius, is referred to as the “exclusive economic zone.”
- Beyond 200 kilometers, marine resources are referred to as open ocean, and without the approval of international organizations, no nation has any claims.
Categories Used in International Resources
The following categories can be used for International Resources:
- Biotic and abiotic origin
- Renewable and non-renewable exhaustibility
- Based on the status of development – potential developed stock and reserves
- Based on ownership – individual, communal, national, and international
Summary:
What do you Understand by International Resources?
International Resources are governed by international bodies with the properties of all the nations present in the world. For instance, the oceans and seas in the world are international resources regulated by some international institutions.
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