EN 1101 Lecture Notes - Lecture 1: Temperate Climate, International Monetary Fund, Helminths
Document Summary
Free-market economy in which the government allows businesses substantial freedom to pursue profits. The physical geography of a region can influence its economic performance. The economies of coastal regions, with their easy access to sea trade, usually out- perform the economies of inland areas. Linking prosperity with free markets, they have tended to neglect the role of geography. All parts of the world have the same prospects for economic growth and long-term development and that differences in performance are the result of differences in institutions. Geography plays an important role in shaping the distribution of world income and economic growth. Coastal regions & those near navigable waterways are indeed far richer & more densely than interior regions. Area"s climate can also affect its economic development. Nations in tropical climate zones generally face higher rates of infectious disease. Lower agricultural productivity than do nations in temperate zones.
