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Booming Sector Models, Economic Base Analysis, and Export-led Economic Development: Regional Evidence from the Lakehead

The early economic development of regions of recent European settlement such as Canada, the United States, Australia, and Argentina was similar in that each region began by exporting products with a high natural resource content. Yet in each case the pace and character of growth and development has differed depending on the timing of the initial settlement, the nature of institutions, and the type of resource export and its market demand. The economic development of resource abundant, sparsely populated regions has been explained by what has become known as the staples approach or models of export-led development.