(2) The objective might be obviated by confining the United Nations agency to the auction-bidding 

 alternative. However, because nations have radically different cost structures, market preferences and 

 non-economic goals, it is doubtful that auction-bidding, with its attendant uncertainties, would result in 

 an allocation of the living resources of the high seas that would be regarded as fair by all nations or 

 would necessarily be economically efficient. 



(3) The United Nations agency would have to recover its administrative costs and earn profits to 

 expend for the internationally-agreed purposes. This would add to the cost of exploitation and militate 

 against the objective of developing the living resources of the seas at the lowest possible cost. 



(4) Economic efficiency in fisheries exploitation— the principal justification advanced for the 

 comprehensive internationalization proposals in question— is not the sole or even paramount objective of 

 the fishing policy of many nations. For example, in both the developing and the developed countries, 

 fisheries are maintained to provide jobs for isolated sectors of the labor force. Other nations may be 

 willing to sacrifice some net economic gain from fisheries to acquire a larger quantity of fish for export 

 and improve their balance of payments situation. 



(5) In reply to these objections, Christy and Scott suggest that the United Nations agency "could 

 proceed slowly, dismantling earlier agreements, changing techniques, introducing new methods of 

 control, and restricting entry at a pace acceptable both to the States providing the inputs and to those 

 whose historic position in the region is being altered."' It could also, in the interest of accommodating 

 goals other than economic efficiency, accept instructions from the international community "about 

 fleets and equipment to be used, types of fish to be caught and ports to be employed."' ° 



(6) The comprehensive internationalization proposals under consideration are not the only ways to 

 attain the biological and economic objectives sought by Christy and Scott. If a graduaUst policy is to be 

 followed, it may be better to start with the existing framework and improve it. It is not at all likely that 

 either of the proposals for comprehensive internationalization will be acceptable to the international 

 community in the foreseeable future. 



Q 



Christy and Scott, supra note 7, at 240. 



Id. at 241. We should point out that Christy and Scott do not advocate comprehensive internationalization, but 

 call for study of all the available alternatives. Id. at 242. 



VIIM53 



