By Todd Moss
Reliance on traditional source sales, fairly oil, is usually linked to undesirable governance, corruption, and poverty. fearful in regards to the influence of oil on Alaska, Governor Jay Hammond had an easy but progressive concept: enable electorate have a right away stake.
The Governor's Solution gains his firsthand account that describes, with brutal honesty and piercing humor, the beginning of the Alaska everlasting Fund dividend, which has been paid to every resident each year in view that 1982.
Thirty years later, Hammond's imaginative and prescient remains to be influencing oil regulations during the international. This reader, a part of the guts for worldwide Development's Oil-to-Cash initiative, contains fresh scholarly paintings reading Alaska's adventure and the way different oil-rich societies, quite Iraq, may possibly observe a few of the classes. it truly is as a strong reminder that the mix of latest rules and made up our minds members could make a massive differenceeven in matters as probably complicated and intractable as battling the oil curse.
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The Governor's Solution: How Alaska's Oil Dividend Could Work in Iraq and Other Oil-Rich Countries (Oil-to-Cash Readers) by Todd Moss