Home » The Governors Solution: How Alaskas Oil Dividend Could Work in Iraq and Other Oil-Rich Countries by Todd Moss
The Governors Solution: How Alaskas Oil Dividend Could Work in Iraq and Other Oil-Rich Countries Todd Moss

The Governors Solution: How Alaskas Oil Dividend Could Work in Iraq and Other Oil-Rich Countries

Todd Moss

Published November 9th 2012
ISBN : 9781933286709
Paperback
135 pages
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 About the Book 

Reliance on natural resource revenues, particularly oil, is often associated with bad governance, corruption, and poverty. Worried about the effect of oil on Alaska, Governor Jay Hammond had a simple yet revolutionary idea: let citizens have a directMoreReliance on natural resource revenues, particularly oil, is often associated with bad governance, corruption, and poverty. Worried about the effect of oil on Alaska, Governor Jay Hammond had a simple yet revolutionary idea: let citizens have a direct stake.The Governors Solution features his firsthand account that describes, with brutal honesty and piercing humor, the birth of the Alaska Permanent Fund dividend, which has been paid to each resident every year since 1982.Thirty years later, Hammonds vision is still influencing oil policies throughout the world. This reader, part of the Center for Global Developments Oil-to-Cash initiative, includes recent scholarly work examining Alaskas experience and how other oil-rich societies, particularly Iraq, might apply some of the lessons. It is as a powerful reminder that the combination of new ideas and determined individuals can make a tremendous difference --even in issues as seemingly complex and intractable as fighting the oil curse.