ABSTRACT
This chapter has covered the main historical threads in the development of Faroese aquaculture from an entrepreneurial and contextualized field of action. At the beginning of the 1980s, the expansion that could have been set into motion some years earlier finally did take off. One interesting issue from a small island perspective, though, is how Faroese aquaculture develops in an extraordinary relationship with the outside world via personal networks based on what could be termed "cultural heritage" and bridging social capital it applies to the development of the aquaculture industry as well. The chapter has shown that Faroese aquaculture provides evidence of a small island industry, which is basically constructed from within but still manages to cope with global economic restructuring. Faroese aquaculture is an alternative to the traditional fisheries that buffers a highly fisheries-dependent economy from the huge risks associated with one single industrial activity.
