Emory National Geographic Society Audrey Mohan Why Geography is Important Geographic literacy is crucial for the future of America. Abstract . First, access to sea routes is important; this has been noted as far back as Adam Smith. Aims and Scope of Economic Geography 3. One unique feature of man is that, he understands the laws that govern the functioning of Nature and makes use of them in his own way of life. Since I want to assess the importance of first nature relative to second nature and to learn how the two are interrelated, I must disentangle the two effects empirically. Geography is very important to an economist bcos it helps us to understand how to get more resources from the environment without necessarily ruining the environment. Its main area of study is economic activity. Economic geography is sometimes approached as a branch of anthropogeography that focuses on regional systems of human economic activity. Importance of the Study of Economic Geography. Without any such knowledge economic relationship is bound to end up in a fiasco. The importance of geography can be understood more clearly by considering the effect of geography teaching on man as a human being, as an administrator, as a politician etc. In contrast, a ‘civilized’ man’s needs are great and complex. He is; never satisfied with the simple food, nature has provided him; he has devised ways for preparing food. Even at present, a primitive man’s needs remain few. Many people often consider it to be a subfield in economics. These are all self-explanatory, but they all show how important economic geography really is and how vast a field it actually can be. Shouldn’t everyone know what states neighbor their own? Whenever possible the goal is to develop generalizations and theories to account for these spatial variations.”. Think about all the things you consume: food, shelter, clothing, transportation, healthcare, and entertainment. Just like our founding fathers identified, understanding geography instills an identity of the American place. Important to ‘new economic geography’ is a technology known as Geographic Information Systems (GIS), which helps link locations to information and allows businesses to visualize where their … Economic geography M. Sokol GY2 164 , 2790164 2011 Undergraduate study in Economics, Management, Finance and the Social Sciences This is an extract from a subject guide for an undergraduate course offered as part of the University of London International Programmes in Economics, Management, Finance and the Social Sciences. All maps, graphics, flags, photos and original descriptions © 2020 worldatlas.com. The study of the manner of exploitation of the earth’s resources and the limits set by physical environment is the proper scope of Economic Geography. Eco­nomic Geography, therefore, also aims at resolving such problems by better and efficient uti­lization of limited resources through rational, systematic, scientific and long-term planning. The idea of the Damodar Valley Corpora­tion was inherited from the Tennessee Valley Authority of USA. Content Filtrations 6. Image Guidelines 5. This is because of scarcity. What's The Definition Of A Cosmopolitan City? In this study of interdependence of production, emphasis should be given upon the de­gree of human initiative and the nature of physical forces enacting to shape certain life-patterns. Economic Geography serves the purpose of identifying the influence that the environ­ment exerts on man through the preservation of the multiple geo-economic conditions of dif­ferent parts of the world. It is growing rapidly as a country both economically and in terms of population. 1. Plagiarism Prevention 4. It has reached the status of a traditional discipline, given how often it is used for the analysis of various data. For example, the geography of agriculture investigates areas transformed by humans through the activities that belong to the primary sector. To develop a mental map of your community, province or territory, country and the world so that you can understand the “where” of places and events. Being most dynamic, man is never satisfied with mere living. It is not hard to see why economic geography is important since it studies the location and distribution of economic activities all over the world. This can allow us to discover the best ways of setting up economic activities in appropriate regions. Economic geography is a bigger part of our lives than we may be aware of. The names of the countries that border us? Hence, the student of Economic Geography must be trained along four principal lines: 1. Any attempt that aims at the balanced development of economy could not succeed without the complete understanding of the man-environment inter-rela­tionship. We are now far behind. As economies develop, the initial allocation of resources across locations rarely remains fixed. Location theory, in economics and geography, theory concerned with the geographic location of economic activity; it has become an integral part of economic geography, regional science, and spatial economics.Location theory addresses the questions of what economic activities are located where and why. To assess the relative importance of the study of this branch of geography, we have to evaluate the purposes that it serves. Report a Violation, Economic Geography: Scope of Economic Geography (Useful Notes), Studying Economic Geography: Top 4 Approaches. It is also important in developing nations because the reasons and methods of development or lack thereof are more easily understood. 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