Climate Change Changing Economies
This article takes a look at the externalities of climate change. We are all feeling the effects of the "polar vortex". The short-term impacts include a decrease in American output. The impacts in the long-run are often harder to formulate. The article looked specifically at nations that have higher average temperatures, such as nations in the Caribbean, and the implications they face when temperatures raise an average on one degree Celsius. While the correlation between average temperature and GDP may not be entirely valid, there is a relationship, and likely a third factor contributing to these changes. The article suggested diseases such as malaria being more predominant in the countries that have higher average temperatures as well as lower GDPs. I am interested in the possible link between types of economic systems that are present in countries with higher average temperatures and the relation, if any, to GDP.
1 comment:
This article is very interesting, especially as the temperature drops in Delaware! The data presented in the article seems to prove that the economy is directly effected by climate change, not only in the short term, but in the long term as well. With this information, I wonder if there would be a more intense need to slow climate change. Would this motivate people to make changes more than the changes to the environment?
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