The staple thesis is a theory of economic development which emphasizes the role of primary commodities in the formation of wealth. The theory suggests that countries which are endowed with abundant natural resources (e.g. oil, minerals, timber, etc.) are more likely to experience economic growth than those without such resources.
The staple thesis was first proposed by Canadian economic historian Harold Innis in the 1940s. Innis argued that the Canadian economy had developed primarily due to the exploitation of its staple resources (e.g. fur, fish, timber, etc.). He suggested that the early settlement of Canada was due to the high demand for these commodities in Europe.
Innis' theory was later expanded upon by other economists, such as Walter Prescott Webb in The Great Plains (1931) and W. Arthur Lewis in The Theory of Economic Growth (1955). Lewis argued that the staple thesis could be applied to explain the economic development of countries in the Caribbean and Africa.
The staple thesis has been criticized by some economists on the grounds that it fails to take into account the role of other factors (e.g. human capital, institutions, etc.) in economic development. However, the theory remains an important part of the economic history of Canada and other commodity-rich countries. What is a staple crop in the colonies? A staple crop is a crop that is grown in large quantities and is a significant part of the diet in a particular region. In the American colonies, the most important staple crops were wheat, corn, and rice. What natural resource is a staple in the economy of Canada? The most important natural resource in the Canadian economy is oil. Canada is one of the world's largest producers and exporters of oil, and the oil industry is a major driver of the Canadian economy. In addition to oil, Canada is also a major producer and exporter of other natural resources, such as timber, minerals, and natural gas.
What does staple mean in history?
Staple in history refers to a group of goods that are essential for the economy of a region or country. The term is most often used in reference to agricultural products, such as wheat, corn, or rice, that are grown in large quantities and exported to other regions or countries. What is the staple diet of America? The staple diet of America is a diet that is high in processed and fast foods. The diet is also high in fat, salt, and sugar. This diet has been linked to obesity, heart disease, and diabetes. What is a staple in the community? A staple in the community is an essential service or resource that is widely used and relied upon by members of the community. Common staples include grocery stores, pharmacies, gas stations, and schools.