Article 82 redistribution payments could be used to prop up corrupt governments
There are also the costs from the redistribution of payments from the Authority to governments of developing countries. Many of these governments are less than savory, and traditional aid funds or revenues from existing natural resources are already being channeled into the pockets of the governing class and used to keep them in power. An additional revenue stream from the Authority would further cement their positions and worsen the condition of their peoples, further suppressing global growth. Add to this the aforementioned risk of allocating funds to separatist or terrorist organizations, which could turn the Authority into a backdoor source of funding for the arms trade. Thus, if the Authority works in the way it is constituted, it would represent a perverse cost to the poorest people in the world.
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UNCLOS is silent on how UNCLOS nations that receive Article 82 royalty revenue should spend it. Recipients are apparently free to spend the funds on military expenditures or simply deposit them into the personal bank accounts of national leaders.
Keywords:Related Quotes:- UNCLOS bureaucracy would redistribute money to dictatorships and be managed by corrupt and unaccountable U.N.
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- Article 82 redistribution payments could be used to prop up corrupt governments