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PaperclipPerfector  11mo ago (text post)   4777 thread views

Small-Scale Question Sunday for May 26, 2024

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

Culture war topics are accepted, and proposals for a better intro post are appreciated.

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Is the explanation for why coastal areas with ocean access are consistently richer than more inland areas really as simple as "ocean access = international trade hub = money"? E.g.,

-south India vs north India

-west Europe vs east Europe

-coastal USA vs middle USA

-Japan/Korea/Taiwan vs coastal China vs inland China

Is there more to it, like say a particular path dependence in each of these regions? Are there significant exceptions (either now or historically)?

Yes, freer movement of people and goods is highly correlated with greater economic prosperity. Probably the closest thing to an absolute "law of nature" in the field of economics.

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