Small Islands in Maritime Disputes: Greek Turkish Energy Geo-politics [Paperback]

This book explores the delicate interconnections between law and economics, especially as regards island entitlements under international maritime law. This is an area in the literature generally overlooked because maritime law has been the domain of legal experts. Maritime boundary disputes are over resources, a vitally important economic subject. Yet, the economics of maritime law has been ignored. Lawyers and legal experts have dominated the field, to the alarming degree of causing needless international conflicts. Our monograph addresses this serious neglect. The methodology would be rational behavior model, one specifically formulated to make the case that dialog and negotiation between these countries is the rational choice leading to win-win outcome in the Aegean and Eastern Mediterranean territorial waters. Public and private sector actors identified as key decision-makers in all phases of hydrocarbon development and monetization, within an overall win-win framework.Introduction: Economics of Sovereignty & Small Islands.- The Aegean Conundrum: Hierarchy, Precedence and Procedure in Maritime Law.- The Cyprus Conflict: Updating the 1960 Accords.- International Evidence in Maritime Dispute Settlement: Problems with UNCLOS.- Can the EU be an Honest Broker?.- The TANAP-TAP Case.- Wider Energy Cooperation: Greece-Turkey-Cyprus.- Financing & Monetization.- Energy Hubs.- Conclusion.

Prof. Yorucu was born in 1970 in Nicosia. He earned his Ph.D. in Economics from the University of Leicester in 1998.  He started teaching at the Eastern Mediterranean University, Cyprus as Assistant Professor of Economics in 1998. He became an Associate Professor in Development and International Economics in 2009. He received his Associate Professor title from the Higher Education Council of Turkey. He became full Professor in 2015. In addition to his academic career, he served for five years as Chief Economic Advisor to the Minister of Economy and Finance in Niclc8