Geography and Development, Trade

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Marginal Revolution University

Marginal Revolution University

Күн бұрын

Taxes can reduce trade but so can mountains! What do we learn about trade and growth by paying attention to geography? This video also contrasts the different theories of trade offered by David Ricardo and Adam Smith. Ricardo is in the textbooks but Adam Smith's arguments may be more important.
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Пікірлер: 5
@TheRealBruceLouis
@TheRealBruceLouis 6 жыл бұрын
this is visible even in games, the importance of ur starting maps. in civ games, if ur start location sucks aka no rivers, no natural resources, lots of mountains & archepalagos, ud be inclined to restart because ur poor start location aka 'geography' renders ur competitve prospect in the game almost null. in medieval total war, the choice u make with ur faction has their own start location, like venice in venice & with access to the whole mediterranian seas. so ure incentivized to immediately build ports & merchant wharfs to immediately kickstart the sea trade & overtime if u are able to build a strong navy & good enough garrison to protect venice, ud be flowing in giant sea of greens. on the flip side if u start as norway, ur north territories r less fertile & more mountainous & have less places to trade by sea. ud be inclined to expand out of ur starting location immediately to maybe great britain & into holy roman empire to take advantage of the riches either in building good farmland in holy roman empire or lots of sea trade in great britain.
@GoravGopalSingh
@GoravGopalSingh 7 жыл бұрын
this is very good video ... but very underrated . But thankyou Alex Sir
@wirthbrothers7807
@wirthbrothers7807 3 жыл бұрын
YES
@Boog_masskway
@Boog_masskway 7 жыл бұрын
@3:50 lol for Canada
@SuperHtownswag
@SuperHtownswag 5 жыл бұрын
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