Is Alaska a one-trick pony, as one participant in the recent discussion at Centennial Hall about Alaska’s fiscal challenges said?
Various countries come to my mind — Singapore, Iceland, Republic of Ireland and Bermuda.
Singapore is a leader in several economic areas. It has very few, if any, natural resources but concentrates on providing financial, shipping and ship-related services.
Iceland has diversified into manufacturing and service industries. The country has also increased its commitment to renewable energy.