How does geography determine development

One of the most important factors in development is geography, where the country is in the world, and climate. ... Conversely, Europe and North America profit from huge tracts of very fertile land, a temperate climate, and good rainfall.

the act of deciding on matters of the economy. economic decision making is routinely conducted by finance ministers, economic advisors, heads of major central banks and business leaders and can have profound effects on a major economy.

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