Since World War II, the Arctic has been a region of geostrategic importance to the United States. As unprecedented environmental transformation occurs in the Arctic, this region will increase in significance. When historians look back at this critical opportunity to develop U.S. Arctic policy, we do not want the question to be posed, "Who lost the Arctic?" but rather, "How did the United States win the Arctic?" Crafting U.S. policy toward the Arctic, however, is a complex and challenging undertaking. Arctic policy must respond to the economic, environmental, security, and geopolitical...

Arctic Economics in the 21st Century 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...