It entails, among other things, ensuring the just and equitable dispersal of the seabeds' wealth to the world's developing and land-locked nations.
This leapfrogging has already happened with telephone systems: Developing countries that lacked land-line telephone and broadband connectivity, such as India, made the leap directly to mobile systems rather than build out their land-line infrastructures.
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The travellers started developing the land on 30 April but stopped when residents - who have since started a group called Residents Against Inappropriate Development (RAID) - began a 24-hour picket.
Rich countries have, repeatedly, chosen to focus on green business experiments, like biofuel production or anti-deforestation campaigns, that rely on large acquisitions of land in the developing world.
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They complain of a heavy-handed Egyptian state intruding on their terrain, providing large tracts of land to Cairo-based businessmen and investors, and failing to involve them in developing the region's prosperity.
In the case of large-scale land deals, one of the primary justifications given by governments in developing countries is that they need investments in order to develop the land and make it more productive.
But being evicted would be devastating to him, he said, not because he's trying to make money in Second Life, but because he and other people involved with his space-themed group have put so much time into developing their digital land.
Unlike its highly leveraged competitors that gorged on loans to build up land banks, Godrej Properties has an asset-light business: It owns only 15% of the land that it is currently developing.
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Moreover, developing countries lack the necessary capabilities, including in terms of knowledge and skills, to handle land-based deep-sea research, with the notable exception of molecular biology techniques, which have become increasingly available worldwide.
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