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Beyond boom and bust: a strategy for sustainable development in the North

Published online by Cambridge University Press:  27 October 2009

Michael Pretes  and
Michael Robinson
Michael Pretes
Affiliation:
Department of Political Science, University of Calgary, 2500 University Drive, N.W., Calgary, Alberta T2N 1N4, Canada
Michael Robinson
Affiliation:
Arctic Institute of North America, University of Calgary, 2500 University Drive, N.W., Calgary, Alberta T2N 1N4, Canada
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Abstract

Many northern regions of North America have come to rely heavily on extraction of non-renewable resources for their income, at the expense of traditional land-based economies. Such extraction leads to boom and bust income, destructive to long-term planning for sustainable development. Natural resource trust funds, as exemplified in Alberta, Alaska, Montana, Wyoming and New Mexico, would help to provide the stability that is currently lacking in Yukon and the Northwest Territories. Maintained by setting aside part of the current income from non-renewable resources, they yield capital and income that can be used to encourage the mixed, self-sustaining local communities appropriate for the North.

Type
Articles
Information
Polar Record , Volume 25 , Issue 153 , April 1989 , pp. 115 - 120
Copyright
Copyright © Cambridge University Press 1989

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