Abstract
For nearly two centuries Den Kongelige Grønlandske Handel (Royal Greenland Trade Department, or RGTD) has been responsible not only for transportation and supply in Greenland but also for the general development of production and of natural resources there. Before 1774, various private and chartered companies had been organized to supply Greenland and develop its natural resources, but they all failed because of the difficulties of operating in the Arctic. It then became evident that development of these regions would seldom, if ever, be profitable. It was also felt, however, that the economic well-being of the people could not be neglected, and consequently RGTD was established and vested with the responsibility of developing the country. This principle has remained unchanged throughout the years although Greenland has since achieved full and equal rights as a province of Denmark.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
