Scarcity and Frontiers: How Economies Have Developed Through Natural Resource Exploitation

Scarcity and Frontiers: How Economies Have Developed Through Natural Resource Exploitation

by Edward B. Barbier
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ISBN:
9780521701655
Dimensions (WxH):
6.0 x 8.75
Publisher:
Cambridge Univ Pr
Publication Date:
January 31, 2011
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Overview
Throughout much of history, a critical driving force behind global economic development has been the response of society to the scarcity of key natural resources. Increasing scarcity raises the cost of exploiting existing natural resources and creates incentives in all economies to innovate and conserve more of these resources. However, economies have also responded to increasing scarcity by obtaining and developing more of these resources. Since the agricultural transition over 12,000 years ago, this exploitation of new 'frontiers' has often proved to be a pivotal human response to natural resource scarcity. This book provides a fascinating account of the contribution that natural resource exploitation has made to economic development in key eras of world history. This not only fills an important gap in the literature on economic history but also shows how we can draw lessons from these past epochs for attaining sustainable economic development in the world today.
Other Books by This Author
After the Green Revolution: Sustainable Agriculture for Development
A New Blueprint for a Green Economy by Barbier, Edward B./ Markandya, Anil
Nature and Wealth: Overcoming Environmental Scarcity and Inequality
Capitalizing on Nature: Ecosystems As Natural Assets by Barbier, Edward B.