Cpt7_DisTop_Students - Chapter 7: The Geography of Economic...

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Chapter 7 : The Geography of Economic Development OVERVIEW Economic development is a global concern affecting every region on Earth. The key aspect of economic development worldwide is its unevenness . Some countries are highly developed – in the sense of having greater economic prosperity, low unemployment, a high level of health and well-being, and so on – while others languish. What causes these differences, and why do some regions experience difficulties in becoming more developed? These are the basic questions asked by development scholars. This chapter begins by discussing what economic development means. Western economists and development scholars usually define development as a high level of economic prosperity, a high level of advanced technology in use, and a high level of productivity, along with high levels of health and well-being. Different explanations have been proposed as to how countries and regions are able to obtain these goals. After explaining the basic principles of economic location – why economic activities take place
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Cpt7_DisTop_Students - Chapter 7: The Geography of Economic...

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