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 direct stake. Thirty years later, Hammond’s vision is still influencing oil policies throughout the world.
November 5, 2012
October 31, 2012
“This important book sets a sensible and specific way forward. It should be read by all involved in economic development and international action on climate change.” —Lord Nicholas Stern, author of the Stern Review