Extractive Regions in Developed Countries

In this article extraction economies in less developed countries are compared to extraction economies in developed countries—to the Houston, Texas, and Aberdeen, Scotland, petroleum regions. The following questions are addressed: (1) What are the differences in Houston's and Aberdeen's development as petroleum regions? (2) How has their extractive development differed from that in less developed countries? (3) What is the relationship of early layers of development to later extractive investments? (4) How have capital timing and scale shaped Houston's and Aberdeen's development as urban regions? The historical timing of oil discoveries greatly affects the way oil capital builds up and exfoliates relationally in urban regions.