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

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. The Governor's Solution features his firsthand account that describes the birth of the Alaska Permanent Fund dividend, which has been paid to each resident every year since 1982.