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Geography and Economic Performance

Free Essay Sample «Geography and Economic Performance»

Geographical characteristics of a nation play a critical role in determining its economic development.  There are 42 landlocked countries in the world. All these countries are affected by high rates of poverty and have been termed as (LLDCs), which stand for Landlocked developing nations. A common feature that describes LLDCs is the poor economic growth when compared with other developing nations. Being landlocked is a feature that defines a nation that does not have access to the sea. When this happens it means that a country cannot import or export crucial products. This is the reason why most of underdeveloped nations in the world and those with very low economic growth are the landlocked nations.  To be landlocked is an impediment for importation of necessary goods from other parts of the world. It is an exceptional feature that is used to explain the nature of a country’s economic growth. It is a feature that brings about the marginalization of a country from the global economy.

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There is a wide gap between the development of a landlocked country and development of other nations worldwide. For a landlocked nation to access the global market, it has to pay a high cost to countries that it has to go through to access the sea. Border crossings to access the sea increase the expenses used in transport of commdities to and out of the nation. Meeting these costs, play a critical role in the slow growth of a nation’s economy. The availability of resources to meet shipment costs determines the triumph or crash of trade of landlocked nations. The serious effects that landlocked countries face in the effort to advance economically have attracted the United Nations, who come together to try to seek lasting solutions for the problems that hinder the economic growth of these nations. Nations that have access to the sea get more income than landlocked countries. Landlocked nations do not have access to global markets and hence lack contest. Lack of competition restricts the provision of financial support, capital and infrastructural development in the country. These facilities are critical in the development and economic growth of a nation (Collier, 56). Landlocked countries depend on few commodities that they export for their economic boost. The inability to access the world markets for landlocked countries in developing states as judged against those in Europe is a key aspect that leads to high poverty levels for these nations. Landlocked nations in Europe benefits from the fact that they are sandwiched by highly developed nations; hence, they do not highly depend on the sea to access global market. Landlocked countries also face a challenge of undergoing multimodal transportation. This necessitatees the need for loading and reloading of goods and shipment, which is expensive. It also affects the viability of their local industries as it turns out to be cheaper to import than to obtain a product locally.

Remedies

The landlocked nations should seek international aid to solve their issues. Various international programs have been set up to address the problems faced by land locked nations. Several conferences have been called in different places in the world to talk about the problems that the landlocked nation faces. The first of this meeting was held in Almaty where there was an agreement between nations to come together and offer the necessary boost for the landlocked nations. Policies need to be set up to address the high costs of shipment that is being faced by landlocked nations in an effort to access the global market. There is also a programme of action that has been established to see the continued establishment of infrastructural facilities to improve transport for the developing nations (Arvis and Graham 67). The international trade team should give high preferential to products from landlocked nations so as to make them viable. Various nations should come together and look into long-term solutions to the problems that landlocked nations faces.

 

Free Essay Sample «Geography and Economic Performance»

 

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