The Coming Arctic Boom.

ARCTIC climate; ECONOMIC impact of global warming; PETROLEUM in submerged lands; INTERNATIONAL cooperation on economic development; MARITIME shipping; ECONOMICS; MARINE ecology; ECONOMIC history; MILITARY geography; INTERNATIONAL economic relations

ARCTIC regions; ARCTIC Ocean

The article looks at the Arctic region, as of 2013. It notes that as a result of global warming, Arctic Ocean sea ice is melting, opening year-round access to an increasing part of the region. The author discusses economic and political considerations related to the development of Arctic natural resources, which include petroleum and minerals. He lauds the cooperation among the countries adjacent to the Arctic, including Canada, Russia, and the U.S., citing the 2008 Ilulissat Declaration on peaceful settlement of Arctic claims. Topics include corporations conducting business in the region, the benefits of the Arctic shipping route, and the United Nations Convention on the Law of the Sea (UNCLOS).