Problems Associated With Geography And Economic...

Do you agree that twentieth century divergence in economic development across countries was largely the result of geographic factors? The traditional view associated with geography and economic development across countries is that distance has played a huge role in creating disparities in terms of location . However, this interpretation is questioned by some who note that the failure of developing economies can be attributed to the persistent problem of institutional failure, which prevents individuals and the economy as a whole from growing. Although this warrants a possible claim, ultimately it should be noted that the failure and inadequacy of institutions in LDCs compared to MEDCs can still be traced to geography. Hence, I believe that twentieth century divergence in economic development across countries was largely the result of geographic factors. Distance determines the level of access that people have to export markets and the access that suppliers have to domestic markets . Greater access to exports gives the ability for a population to experience a variety of different goods and services, which in turn enhances their welfare. By the same notion a population with limited access to export markets are more liable to experience lower levels of choice between what goods and services to purchase. The implication is that if suppliers are unable to easily access a particular economy, factors of production may be unable to be substituted for cheaper alternatives. ThisShow MoreRelatedThe Global Economy Essay808 Words   |  4 Pagesglobal environment are bound up with one another. Environmental change is a consequence of economic development. Environmental change and its consequent health impacts are driven by economic growth, population growth and urbanization. It has been shown that it is possible to manage economic growth in ways that preserve environmental quality and enhance human health. 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