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Arctic Economy

Norwegians and Icelanders let Alaskans in on the secrets to economic prosperity

By Jeannette Lee Falsey, Alaska Dispatch News May 16, 2017

FAIRBANKS — A year and a half into Alaska’s recession, in which thousands of jobs have been lost statewide, Alaskans are looking for salvation. Some see it in a sound fiscal plan, with the definition of “sound” being up for debate, others in a natural gas pipeline that will cost the state billions of dollars. And some are content to simply wait for the price of oil to bounce back, as it’s always done before.

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