ARCTIC Investment Strategies for Northern Cash Windfalls: Learning from the Alaskan Experience
non-Native Alaskans with two means of trust capital investment. To date Native Alaskans have largely chosen a strategy of investment in local established and/or new businesses, while the Permanent Fund has pursued a portfolio management strategy. Both investment means were examined against their sta...
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ftciteseerx:oai:CiteSeerX.psu:10.1.1.570.439 2023-05-15T14:19:37+02:00 ARCTIC Investment Strategies for Northern Cash Windfalls: Learning from the Alaskan Experience Michael Robinson Michael Pretes Wanda Wuttunee The Pennsylvania State University CiteSeerX Archives 1989 application/pdf http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.570.439 http://pubs.aina.ucalgary.ca/arctic/Arctic42-3-265.pdf en eng http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.570.439 http://pubs.aina.ucalgary.ca/arctic/Arctic42-3-265.pdf Metadata may be used without restrictions as long as the oai identifier remains attached to it. http://pubs.aina.ucalgary.ca/arctic/Arctic42-3-265.pdf Key words Alaska Native Claims Settlement Act Alaska Permanent Fund resource management Native people economic development sustainable development trust funds investment Native land claims text 1989 ftciteseerx 2016-01-08T12:30:04Z non-Native Alaskans with two means of trust capital investment. To date Native Alaskans have largely chosen a strategy of investment in local established and/or new businesses, while the Permanent Fund has pursued a portfolio management strategy. Both investment means were examined against their stated ends (for the former: profit, social responsibility and cultural preservation; for the latter: savings, profit, and dividend distribution). It is concluded that business risk investment in an isolated and remote northern state characterized by economic reliance on externally controlled business cycles is inherently risky and that a strategy of international portfolio management has paid far superior dividends. Given that the current situation in the Canadian North (two Northern Accord agreements-in-principle and the Dene/Metis and Yukon Comprehensive Land Claim agreements-in-principle achieved in 1988) parallels the situation in Alaska in the 1970s, the authors propose a strategy for the creation of a model developmental natural resource trust fund based on the best features of the Alaskan models. This model fund combines a portfolio management trust philosophy with the goal of sustainable economic development in the quest for northern fiscal autonomy. Text Arctic Arctic Metis Alaska Yukon Unknown Arctic Yukon |
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English |
topic |
Key words Alaska Native Claims Settlement Act Alaska Permanent Fund resource management Native people economic development sustainable development trust funds investment Native land claims |
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Key words Alaska Native Claims Settlement Act Alaska Permanent Fund resource management Native people economic development sustainable development trust funds investment Native land claims Michael Robinson Michael Pretes Wanda Wuttunee ARCTIC Investment Strategies for Northern Cash Windfalls: Learning from the Alaskan Experience |
topic_facet |
Key words Alaska Native Claims Settlement Act Alaska Permanent Fund resource management Native people economic development sustainable development trust funds investment Native land claims |
description |
non-Native Alaskans with two means of trust capital investment. To date Native Alaskans have largely chosen a strategy of investment in local established and/or new businesses, while the Permanent Fund has pursued a portfolio management strategy. Both investment means were examined against their stated ends (for the former: profit, social responsibility and cultural preservation; for the latter: savings, profit, and dividend distribution). It is concluded that business risk investment in an isolated and remote northern state characterized by economic reliance on externally controlled business cycles is inherently risky and that a strategy of international portfolio management has paid far superior dividends. Given that the current situation in the Canadian North (two Northern Accord agreements-in-principle and the Dene/Metis and Yukon Comprehensive Land Claim agreements-in-principle achieved in 1988) parallels the situation in Alaska in the 1970s, the authors propose a strategy for the creation of a model developmental natural resource trust fund based on the best features of the Alaskan models. This model fund combines a portfolio management trust philosophy with the goal of sustainable economic development in the quest for northern fiscal autonomy. |
author2 |
The Pennsylvania State University CiteSeerX Archives |
format |
Text |
author |
Michael Robinson Michael Pretes Wanda Wuttunee |
author_facet |
Michael Robinson Michael Pretes Wanda Wuttunee |
author_sort |
Michael Robinson |
title |
ARCTIC Investment Strategies for Northern Cash Windfalls: Learning from the Alaskan Experience |
title_short |
ARCTIC Investment Strategies for Northern Cash Windfalls: Learning from the Alaskan Experience |
title_full |
ARCTIC Investment Strategies for Northern Cash Windfalls: Learning from the Alaskan Experience |
title_fullStr |
ARCTIC Investment Strategies for Northern Cash Windfalls: Learning from the Alaskan Experience |
title_full_unstemmed |
ARCTIC Investment Strategies for Northern Cash Windfalls: Learning from the Alaskan Experience |
title_sort |
arctic investment strategies for northern cash windfalls: learning from the alaskan experience |
publishDate |
1989 |
url |
http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.570.439 http://pubs.aina.ucalgary.ca/arctic/Arctic42-3-265.pdf |
geographic |
Arctic Yukon |
geographic_facet |
Arctic Yukon |
genre |
Arctic Arctic Metis Alaska Yukon |
genre_facet |
Arctic Arctic Metis Alaska Yukon |
op_source |
http://pubs.aina.ucalgary.ca/arctic/Arctic42-3-265.pdf |
op_relation |
http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.570.439 http://pubs.aina.ucalgary.ca/arctic/Arctic42-3-265.pdf |
op_rights |
Metadata may be used without restrictions as long as the oai identifier remains attached to it. |
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1766291407209758720 |