POL371H1 Lecture Notes - Lecture 1: Shortage Economy, Free Good, Exponential Growth
19 Mar 2016
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Document Summary
Land use policies are necessary to control environmentally socially-balanced outcomes and land cost. Land as a source of non-reproducive resources (iron/coal) 1: resource locaion impact industrial locaions/ agglomeraion, canada is blessed with natural resources, almost look like a developing country. The places where resources can be found plays big role in determine what the industry is: china, high emission. Less developed country argue the developed world has used the environment as a free good. Now they ask ldcs to pay the price, they need a chance to develop as well: transportaion costs can be high, decreasing returns to land use, producivity of land, double the input of ferilizers => increase in producion. However, ferilizers not exponenial growth -> 1st year 50%, 2nd yr 35%, 25% , etc - insert graph. b: fig 10 - 1900s, decrease land increase producivity. The decrease line, suggest increase producion -> decrease in eventual producivity and decrease in available land due to use of ferilizers.
