Term Paper: Alaska’s Mega Projects
Sample Term Paper
This is a term paper on Alaska’s mega projects. As the author has mentioned throughout the paper and has become apparent through the information provided that, all the projects undertaken were not evaluated properly.
As the author has mentioned throughout the paper and has become apparent through the information provided that, all the projects undertaken were not evaluated properly, their financial and economic feasibility was not questioned and the decisions were made to invest in projects that were from the very beginning not at all feasible. The conclusions reached by the author are that there was a lack of vision and farsightedness in the decision makers, who were catering to lobbyists or special interest groups. The huge losses incurred by the government are a testimony to the shortsightedness and too much reliability on subsidizing. The investors in the government did not consider the economic ramifications and kept on making disastrous decisions in all the sectors that were studied. Two of the projects did get off the ground. In addition, in many cases the government had to come up with additional funds, which were irrecoverable. In addition, the state was left with loss making units that are still in operation.
In my opinion, the authors have done a very through and in-depth analysis of the projects, and even to me (not being an expert) from start most of the projects were made for the right reasons but with too much expectation and on too large a scale, considering that the population of Alaska is relatively less densely populated than other countries. In addition the author’s emphasizes on investing in relatively smaller farms would have been more sustainable an manageable. The author has considered the financial feasibility only; they have not considered the economic repercussions or feasibility and the effect on the state funds and losses. It is very important to see all aspects of the project to reach a conclusion and to leave little room for error. Although the work and the analysis is quite good however more intensive look at each project should have been taken individually, to see any other sources that lead to this negative results for the projects. However, it has to be admitted that the report is impartial and unbiased, keeping in mind that it is funded by Alaska Conservation Foundation.
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