On The Origin of Species by Charles Darwin Chapter 4 Page 70

The importance of isolation is likewise great in preventing, after any physical change in the conditions, such as of climate, elevation of the land, etc., the immigration of better adapted organisms; and thus new places in the natural economy of the district will be left open to be filled up by the modification of the old inhabitants. Lastly, isolation will give time for a new variety to be improved at a slow rate; and this may sometimes be of much importance. If, however, an isolated area be very small, either from being surrounded by barriers, or from having very peculiar physical conditions, the total number of the inhabitants will be small; and this will retard the production of new species through natural selection, by decreasing the chances of favourable variations arising.

The mere lapse of time by itself does