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from Part III - Policies for Sustainable Resource-Based Development
Published online by Cambridge University Press: 31 August 2019
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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