Conceptualization of Region-Specific Comprehensive Ocean Management Re-gime (COMR) for Maritime Economic Exploitation

Abstract

The history of the global economy is the history of global international trade; whoever could command the oceans could control the wealth of that Era, e.g., Phoenicians and Arabs commanded the world before Europe’s colonial expeditions through seas. When the Cold War Bipolar Era ended, the USA has been enjoying the benefits of globalization through military presence and hegemony across oceans in the unipolar Era. The Indian Ocean is said to contain most of the significant sea trade routes of the world, and the Bay of Bengal in the Northeast does the same more precisely while interfacing with the South China sea. Regional peace and stability is a precondition for the sustainability of international maritime trade and other blue economic functions. Here, this research is to propose region specific COMR (comprehensive ocean management regime) model to achieve blue economic objectives sustainably for the BOB (Bay of Bengal) maritime-littoral region. This research examined coastal and ocean initiatives like Maritime Protected Areas and Integrated Coastal Zone Management for their challenges at policy, management and operation levels leading towards a conceivable solution, choosing to make a few insinuations to the nations and areas of the world. Sectoral data that has been aggregated might be confusing, and quantitative data lacks validity and precision. In an outcome, in the deficiency of quantitative data, the presentation is created qualitatively. Moreover, the study also uses the Delphi method to address the research objectives of this study because, to establish a consensus, the Delphi technique includes obtaining expert opinion through a series of progressive and iterative investigations.