Irrationality in Politics and Governance of Maritime Affairs: The Collapse of Sovereign Maritime Governance

다국어 초록 (Multilingual Abstract)

This paper investigates maritime policies from the perspective of behavioural law and economics by questioning the role of political instruments, levels of development, groupthink bias, moral hazards and practical examples. Through the emergence of deregulation and procedural simplification, the reasons behind overregulation need to be revisited. The future of maritime governance is expected to hollow out several functions for alternative institutions and keep the governance simple for performing other roles such as advisory services, mainstreaming, amongst others. Therefore, the concept of maritime governance without a government can be thought as a driving force for the future. Based on the deregulation and the hollow-out framework, maritime governance (particularly in developing and developed countries) should focus on the softpower of maritime administration and the role of expert power; as well as referent power to mainstream the maritime industry.

목차 (Table of Contents)

• Abstract
• I. Introduction
• II. Objectives and Instruments of Maritime Policy: The Visible Hands
• III. Groupthink Bias, Political Ventures and Illusion of Control
• IV. Perspectives on Maritime Policy Instruments and the Moral Hazard
• V. Maritime Governance without Government: Instrumentation and the Hollowing Outof the State
• VI. Conclusions
• References