A brief history of Economic development
3 important questions on A brief history of Economic development
Due to what was the population growth in 1750?
- Changes in economics and technical know-hows -> the ability to grow food and thereby sustain a larger population.
Why is diffusion easier at the coast?
- Transport costs are high to bring goods and services to the interior of a country.
What are 5 major factors that are important for the ripple effect for The Center of the technological forefront to the rest of the world?
1. When a poor country is close to a rich country it is likely to receive ripples
2. Flavorable agricultural conditions - are easily cultivated and irrigated
3. Places with own energy resources (coal, oil, hydroelectric power, solar or wind potential)
4. A physical environment conductive to global health (no malaria/infections)
5. Politics.
2. Flavorable agricultural conditions - are easily cultivated and irrigated
3. Places with own energy resources (coal, oil, hydroelectric power, solar or wind potential)
4. A physical environment conductive to global health (no malaria/infections)
5. Politics.
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