Arctic Economics in the 21st Century

The Benefits and Costs of Cold

Report by Heather A. Conley, David Pumphrey, Terence M. Toland, and Mihaela David

Published July 30, 2013

Available Downloads

Arctic Economics in the 21st Century: The Benefits and Costs of Cold explores the key economic dynamics at play in the rapidly changing Arctic region. This report evaluates both the economic benefits of an increasingly open Arctic region and the costs of exploring the riches of the American Arctic. It frames an economic strategy built upon six critical economic components: mineral resources, oil and gas development, shipping, fisheries, tourism, and finally, the regional infrastructure required to support and sustain the first five components. The report analyzes the increasingly prominent role of the private sector in Arctic development and its interplay with the potentially diminished traditional role of governments in the region.

Tags

Arctic and Antarctica, Defense and Security, Geopolitics and International Security, Economic Security, and Energy and Sustainability
Heather A. Conley

Heather A. Conley

Former Senior Vice President for Europe, Eurasia, and the Arctic; and Director, Europe, Russia, and Eurasia Program
David Pumphrey

David Pumphrey

Former Senior Associate (Non-resident), Energy Security and Climate Change Program

Terence M. Toland

Research Associate, Europe, Russia, and Eurasia Program

Mihaela David

Fellow, The Arctic Institute - Center for Circumpolar Security Studies

Programs & Projects