How geography designs the world’s economic policies

Image source: iaec-conference.com

The economic and political growth of every great civilization depended on their proximity and access to trade routes, mostly maritime, that helped their empire prosper for hundreds or thousands of years.  Compared to their non-coastal rivals, their strategic location had given them a natural boost to expand and protect their empire from several forces that caused the downfall of other, less-blessed nations.

History tells us that geography plays a vital role in understanding how our planet’s material character and spatial organization can contribute to a country’s political and economic development. The insights derived from this understanding can be greatly relevant especially to decisions and policy-makings involving trade, governance, and most importantly, the relationship and processes within the local and global economy.

This is why experts in the field have emphasized how consulting publications and related studies can give authorities awareness of problems and issues that policy-makers face today. By revealing the effects of the changing spatial organization, authorities are informed of present problems and alternative solutions that offer practical and long-term benefits.

Image source: geography.name

The number and specificity of policies and institutions of countries depend on where they are in the world and the climate that they have to endure. It’s natural and proper to strengthen environmental movements and environment-centered guidelines on countries located in the tropics where land is hostile and water is scarce. It’s also not a coincidence that the richest and most powerful nations in the world are located in the fertile, temperate and rainy European regions.

Experts have also readily identified the capacity of different regions to support modern economic growth and how specific locations can be at a disadvantage in terms of productivity from local and international trade.

China is a perfect example of nations that benefit from having a politically and economically strategic location because of its access to markets.  In fact, the nation is a home to three of the planet’s busiest and most hectic ports.

Lastly, specific geographical locations offer natural resources available for capitalization and because of the combined factors of both a nation’s position on the map and its climate, many countries have advantages over the others. Saudi Arabia and the UAE make their money from the natural supply of oil in their deserts while South Africa leads the world’s largest gold and diamond supply. Top of Form