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9 - Can Resource-Based Development Be Successful?

from Part III - Policies for Sustainable Resource-Based Development

Published online by Cambridge University Press:  31 August 2019

Edward B. Barbier
Edward B. Barbier
Affiliation:
Colorado State University
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Summary

Can frontier-based development be successful? The short answer to this question is: “Why not?” As we have discussed, since 1500, “frontier expansion” has been a major part of global economic development. It is characterized by a pattern of capital investment, technological innovation and social and economic institutions dependent on “opening up” new frontiers of land and natural resources once existing ones have been “closed” and exhausted. Most of this development has been incredibly successful, particularly during the Golden Age of Resource-Based Development (1870–1913).

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Natural Resources and Economic Development , pp. 335 - 357
Publisher: Cambridge University Press
Print publication year: 2019

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