Description
Book SynopsisArctic Economics in the 21st Century explores the key economic dynamics at play in the rapidly changing Arctic region. This report evaluates both the economic benefits of an increasingly open Arctic region and the costs of exploring the riches of the American Arctic. It frames an economic strategy built upon six critical economic components: mineral resources, oil and gas development, shipping, fisheries, tourism, and finally, the regional infrastructure required to support and sustain the first five components. The report analyzes the increasingly prominent role of the private sector in Arctic development and its interplay with the potentially diminished traditional role of governments in the region.
Trade ReviewThis report is a good summary of current resources and (lack of) infrastructure in the Arctic, particularly Alaska and the U.S. Arctic. It has a wonderful list of footnotes and sources, which will be helpful to economists and future researchers focusing on energy, mineral extraction, transportation, fisheries, tourism, and climate change, particularly as they relate to the Arctic. . . .It is well written and easy to read, and so should be read by policymakers and all those interested in the Arctic. * Journal of Economic Literature *
