If you look at the African continent, perhaps the first word to come to mind is “enormous.” And that’s true. You could fit most of the United States, China, India, and a lot of Europe, into Africa. But if you compare Africa to Europe, Europe has two to three times the length of coastline that Africa has.
But what does coastline length have to do with anything?
Well, coasts mean access to water.
As benign as water might seem, it’s a major driver of economic growth. Adam Smith, the father of modern economics, argued that access to water reduced the cost of trade, and gave merchants access to larger markets. These larger markets incentivized specialization and innovation.
These twin processes ultimately spurred trade activity, and consequently, economic growth.
As an end result, civilization tended to grow wherever trade was easiest.
If you want proof of this, think of a few major cities.
Look at Istanbul, New York, Venice, Hong Kong, London, and similar areas. What do they all have in common? They all sit near a major coast or a major river. In contrast, look at some of the poorest areas in the world—places like Kampala, or Pointe-Noire. These places are all landlocked. Since goods are easier to transport over water than over land, trade in landlocked areas is more expensive.
And what happens when trade is more expensive?
It becomes harder to spark economic growth.
What this all means is economic growth is not only affected by a country’s rules and institutions, but by a country’s natural blessings, or natural hindrances, too. The effects of geography on growth cannot be discounted.
Macroeconomics Course:
Ask a question about the video:
Next video:
Help us caption & translate this video!
.
Images related to the topic financial growth
Geography and Economic Growth
Search related to the topic Geography and Economic Growth
#Geography #Economic #Growth
Geography and Economic Growth
financial growth
See all the latest ways to make money online: See more here
See all the latest ways to make money online: See more here
How's Africa landlocked when I live in the city of Tanzania that clearly has access to the Indian ocean? We have Zanzibar that's an island itself and most of you Americans and Europeans flock to Africa for trade and natural resources. We have the biggest river, Nile. Did you do your research well? A few landlocked countries do not represent the entire Africa!
I can't appreciated the vedio! If landlock is the main factor, why not Russia and South America?
Incorrect maps of India is used in the video, highly offended. About 10% of the country's geography is not shown. Please use correct maps in future videos
wow
Who is here cause of,school social studies
I like the edits!
Who’s here from school science homework?
me
Anyone here from online science class
First comment
1:29 You accidentally put Taiwan into China
https://youtu.be/B8z6XS2jieE?t=116 "been landlock is like a national tariff, a tax on trade. And if natural tariffs are bad for growth, then perhaps tariffs created by governments aren't that great for growth either."
So many wrong things in that statement aside of the passive aggressivity:
First, to show how bad is been landlocked you are comparing it with tariffs, assuming that everybody agrees that they are bad for the economy. But then you immediately use that comparison to hint that tariffs are bad, assuming that everybody agrees that been landlocked is bad (at this point in the video you are supposed to be summing up the whole video).
And secondly the comparison is far from perfect. Trading as a landlocked country is more expensive, as it would be with a tariff; but in the case of tariffs the government gets more income. So tariffs are way better than been landlocked.
Please! make a series on 'Independent India Economic History'. Highly Demanded!!
What is the classical music at the beginning?
Thank you so much I still dnt understand xo
What about Switzerland? Landlocked and 40% higher than USA in GDP per capita
2:15 Did You Just Say..? Actually Never Mind
Thanks you're a great help
0:38 – It almost feels like you omitted Korea on purpose? I mean it's a very wealthy and one of the top 10 trading nations in the World.
Why couldn't you just say East Asia?
Tariffs, natural tax on trade… TAX, as the enemy… Enemy number 1… What happens to the importance of institutions..
Usury is the root of all evil and leads to a growth compulsion. The cancer of the world.
A crime against humanity! Back to the roots. Arsonists playing firefighters.
Georgia Guidestones: "Maintain humanity under 500,000,000 in perpetual balance with nature."
"Be not a cancer on the earth — leave room for nature — leave room for nature"
"A total world population of 250-300 million people, a 95% decline from present levels, would be ideal."
-CNN Founder Ted Turner
"Growth for the sake of growth is the ideology of the cancer cell." -Edward Abbey
No growth for the sake of growth, but for the debt and the greed of profit.
"Usury – The Cancer of the World" /watch?v=3g7Ii3jazAY
"Usury War on Humanity" /watch?v=FEheU28ea3c
"Usury – The Real Reason The Jews Would Kill Jesus All Over Again." /watch?v=fEuVsCncs44
"Jews Uniting Against Rothschild Zionist Bankers NWO" /watch?v=DHO1tDwWdk4
"It's a Trick, We Always Use It." (calling people "anti-Semitic")" /watch?v=jUGVPBO9_cA
"What Islam say about Interest/Usury/Riba/Sood? By Mufti Menk" /watch?v=Anfk_pMIQR8
"Banking – the Greatest Scam on Earth" /watch?v=G9IH-XKQpOI
"you are shackled to a DEBT SLAVERY system" /watch?v=zhJc4PiVQxo
"Who Controls All of Our Money?" /watch?v=mQUhJTxK5mA
"Who Controls the Money Controls the World" /watch?v=YDYfyAQ8lUI
"Only 3 Countries Left Without a Rothschild Central Bank" /watch?v=R-4Jd0o-Emw
"International Monetary System – New Economic Slavery" /watch?v=ogqZ6pnWM7o
"You Are a Debt Slave: The Rigged Monetary System Explained" /watch?v=KoiUTuMAJIQ
"David Rockefeller speaks about population control." /watch?v=ClqUcScwnn8
"We're ALL Debt SLAVES – Here's Why" /watch?v=bH-nBcrTwYI
"Ted Turner Depopulation Plan Exposed (Agenda 21 Openly Admitted!)" /watch?v=4EVodX6lCWA
"Anonymous: Flaw in the monetary system" /watch?v=74H8YL7nmS4
"I Want The Earth Plus Five Percent" /watch?v=L11EprAtQf0
"The Collapse of The American Dream Explained in Animation" /watch?v=mII9NZ8MMVM
"The Federal Reserve Explained in 3 Minutes" /watch?v=iP9H5fADC0E
"Economic growth a priority over the national debt?" /watch?v=ktE7CZLYEJA
"Who Killed Economic Growth?" /watch?v=EQqDS9wGsxQ
"Greenspan Admits The Federal Reserve Is Above The Law & Answers To No One"
/watch?v=ol3mEe8TH7w
"All Wars Are Bankers' Wars" /watch?v=5hfEBupAeo4
"What Is the Real Secret of the Georgia Guidestones?" /watch?v=CjpGZN742Lc
"Illuminati Denver Airport Art Murals" /watch?v=d9ZX9qUSm8s
"Vaccination – to reduce population! (Bill Gates admits)" /watch?v=pjj4Iq-rsNg
"Codex Alimentarius Explained in 6 min" /watch?v=WAk2blRHdNE
"World Economy Collapse explained in 3 minutes" /watch?v=LyePCRkq620
"David Icke Economic Collapse" /watch?v=5VikVig-5wg
"David Icke – How The Rothschild Family Plan To Crash The Economy"
/watch?v=hKycRuWnnO4
"Billionaires Are Preparing For End of The World! Apocalypse Bunkers Built in New Zealand" /watch?v=GQAqGAe7AOg
"Top New World Order Quotes" /watch?v=MZVP9aHdlQI
"A New World Order not the law of the jungle" /watch?v=IvjxLN5DfY0
"Stop abolition of cash – English version" /watch?v=ouNS9QLtg4M
"TAXES, BitCoin is Bait, FedCoin is the TRAP !" /watch?v=NqSDibCx1SQ
"Bitcoin & The Mark Of The BEAST | How It' ALL Ties IN ( 2018)" /watch?v=8R2Pz0goOUQ
"The "Phoenix" New World Currency Revealed" /watch?v=Tl6NxH65mGU