Can Timor Leste Avoid the Resource Curse?. By Charles Scheiner, La’o Hamutuk TAG Workshop, Dili 25 March 2004. Main points.
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Can Timor Leste Avoid the Resource Curse?
By Charles Scheiner, La’o Hamutuk
TAG Workshop, Dili
25 March 2004
But it was blood.
Australia claims maritime territory throughout the southern hemisphere, greater than its land area.
Green: 24-mile Contiguous Zone
Orange: 200-mile EEZ
Blue: claimed Continental Shelf Prolongation
Australia took in an additional US$638 million from Laminaria-Corallina between November 1999 and 2002. This money all belongs to Timor Leste under current international legal principles.