Through a thematic lens
that frames the ocean as a sovereign nation, this article reimagines the ocean
as a sovereign country with its own economy, institutions, and citizens,
offering a framework for understanding the scope and structure of the blue
economy. Moving beyond conventional approaches that treat the sea as fragmented
resource zones, this metaphorical mapping considers marine life as the primary
citizenry, supported by a diverse labor force and a wide range of industries;
from fisheries and maritime transport to blue biotechnology and coastal
tourism.
Key elements of a
national economy; such as borders, governance, labor, GDP, taxation, and
diplomacy; are paralleled with existing oceanic systems to illustrate the
richness and complexity of marine economic activity. The article also explores
the ocean’s revenue, currency, and intangible capital, highlighting ecological
value, marine genetic resources, and ecosystem services such as carbon storage
and climate regulation. These are framed as the ocean’s hidden wealth;
essential to human well-being yet often excluded from traditional financial
statements.
Please enter the email address corresponding to this article submission to download your certificate.
