RESOLVING THE DISPUTE BETWEEN CHINA AND THE PHILIPPINES IN THE SOUTH CHINA SEA: MUTUAL GAINS AND VALUING ENVIRONMENTAL GOODS.
Karcher, Albert B.
- Submitted in partial fulfillment of the degree Master of Arts in Law and Diplomacy at the Fletcher School of Law and Diplomacy. Abstract: Chinese and Filipino policy in the South China Sea has been based on the race to fossil fuels and fish paradigm. A mutual gains approach will allow each side to approach the dispute with a better understanding of their interests and the benefits of cooperation. ... read moreThere is an opportunity to redefine the national dialogue in the Philippines and China over fossil fuels and economic growth. The oil and gas resources in the South China Sea have to be valued in a holistic manner, accounting for the environmental and health damages they will cause when burned, in addition to their economic value. There is a similar opportunity in managing fisheries. Fisheries management in the West Philippine Sea has to account for the impact on ecosystems and how to maintain and restore fish stocks in the long run. The success of these initiatives will be determined by the decisions of governments and businesses to accurately value ecological goods and services. As the world moves towards international action on climate change and more sustainable fisheries practices the South China Sea is a microcosm of the opportunities and barriers to valuing environmental goods.read less