The Governor's Solution How Alaska's Oil Dividend Could Work in Iraq and Other Oil-Rich Countries

by Moss, Todd

• ISBN13: 9781933286709
• ISBN10: 1933286709
• Format: Paperback
• Copyright: 2012-11-30
• Publisher: Center for Global Development

Summary

States that substantially increase their income through rents (profits from the exportation of oil and other natural resources) often experience a subsequent increase in government corruption. Simply put, the people in power try to direct more of the money to themselves and prevent others from taking their place. Seeking to lessen the negative effects of oil rents in Alaska, Governor Jay Hammond had a simple yet revolutionary idea: when citizens have a direct stake they pay close attention to where the money is going. The embodiment of his idea is the Alaska Permanent Fund Dividend that, since 1982, has been distributing a portion of Alaska's earnings to each resident. The Governor's Solutionfeatures a firsthand account by the late governor that describes, with brutal honesty and piercing humor, the birth of the dividend. Thirty years later, Hammond's vision is still shaping the Center for Global Development's oil-to-cash initiative to explore how cash transfers might mitigate the corrosive impact of oil rents. Accompanying Hammond's story is recent work by scholars examining Alaska's experience and how other oil-rich societies, particularly Iraq, might apply some of the lessons. This book serves 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.

Author Biography

Todd Moss is the vice president for programs and a senior fellow at the Center for Global Development and former deputy assistant secretary in the Bureau of African Affairs at the US Department of State.

Table of Contents

Preface	p. vii
What's Alaska Got to Do with ... Iraq?	p. 1
Diapering the Devil: How Alaska Helped Staunch Befouling by Mismanaged Oil Wealth: A Lesson for Other Oil Rich Nations	p. 5
The Alaska Permanent Fund Dividend: A Case Study in the Direct Distribution of Resource Rent	p. 55
Saving Iraq from Its Oil	p. 88
Iraq's Last Window: Diffusing the Risks of a Petro-State	p. 101
Contributors	p. 129
Index	p. 131
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