The Korea Maritime Institute and the Middlebury Institute of International Studies Sign Memorandum of Understanding

MOU.Sub.1On October 29th, 2015, as part of the closing day of the "Oceans in National Income Accounts Symposium," a gathering of 26 leaders from ten nations to discuss the ocean economy led by the Center for the Blue Economy, Dr. Jeff Dayton-Johnson, Vice President of Academic Affairs and Dean of the Middlebury Institute of International Studies and Dr. Sung-Gwi Kim, President of the Korea Maritime Institute signed a Memorandum of Understanding (MOU) marking plans for future collaboration between the two institutions. Joint research activities and publications, the exchange of invitations for lectures, shared participation and sponsorship of conferences, building connections with scholars in both countries, and the exchange of technical information in fields of common interest are all anticipated in the years to follow.

MOU.Sub.2The Center for the Blue Economy's relationship with the Korea Maritime Institute (KMI) began when two visiting scholars from the organization, Dr. Kwang Seo Park and Dr. Hee Jung Choi, joined as Visiting Scholars in 2013-2014. Dr. Park's research culminated in a working paper entitled: "A Study on Rebuilding the Classification System of the Ocean Economy," which aimed to provide concrete practical proposals for the definition, classification standard, and scope of the ocean economy across the international community. It was from this scholarship exchange, in addition to the leadership of Dr. Judith Kildow, Director of the National Ocean Economics Program, that the vision of a gathering that could lead to international consensus and create a uniform and standardized set of measurements for the ocean and coastal economies around the world took shape. The hope is to one day estimate a Global Ocean Product that demonstrates the value and importance of the oceans to the entire world economy.