Abstract
In his first state-of-the-state address of January 1986, Governor of Alaska, Steve Cowper, outlined an economic plan to alleviate a state economy plagued by the persistent fluctuation and uncertainties that have lately engulfed world oil prices. According to the Governor’s plan, the State of Alaska should take positive steps to diversify its energy-based economy and to rid itself of the dangers of relying on oil as the premiere source of state income. Governor Cowper envisioned, among other things, the need for promotion of international trade in Alaska’s natural resources and other products through export credit guarantee facilities that may be offered by the Alaska Industrial Development and Export Authority (AIDEA); establishment of a statewide international trade center that would conduct in-depth marketing studies; establishment of a foreign trade zone in Anchorage; and promotion of the highly promising tourism sector. The institutionalized umbrella under which these promotional needs would be addressed is called “Trade Alaska.” The working blueprint for this promotional and educational organization entails developing a strategy to meet the goal of diversification.
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© 1989 Kluwer Academic Publishers
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Essayyad, M. (1989). The Feasibility of Establishing an International Financial Center: The Case of Anchorage. In: Park, Y.S., Essayyad, M. (eds) International Banking and Financial Centers. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-2504-5_2
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DOI: https://doi.org/10.1007/978-94-009-2504-5_2
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