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

Author: , Date: 27 Dec 2012, Views: ,

2011 | ISBN: 0521701651, 0521877733 | English | 768 pages | PDF | 8.85 MB

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.

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