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Words: | Submitted: Tue Jun 20 2006
... and global economic interdependence may have overcome the significance of distance and proximity. The importance of climate in a countries economic growth and development cannot be underestimated. Climate can affect both work ethic and worker productivity. If it is too hot or too cold workers can become lethargic and lose the will to work therefore decreasing economic growth and development. For example in India where there is a very hot climate and levels of real GDP pre person as a percentage of the U.S has decreased from 21.8 in 1870 to 7.0 in 2001. Climate also has a bearing on disease environment that can have an impact on institutions and agricultural production. This is recognised by Acemoglu Johnson and Robinson. An example of this has been evident in Africa. Africa has been exposed to a disease environment that directly undermines labour inputs and indirectly had implications for the institutional legacy ...
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