687 B
687 B
Economic Development Geography
Definition
The study of how geographical features and spatial relationships influence patterns of economic development, market formation, and the division of labour across different regions. Economic development geography explains why some areas develop earlier and more fully than others.
Source Chapter
Book I, Chapter 3
Context
Smith's entire chapter is an analysis of economic development geography, showing how coastlines, rivers, canals, and other geographical features determine where industry develops, how specialisation patterns emerge, and why some regions remain economically backward.
Economic Domain
General Theory