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The Wealth and Poverty of RegionsWhy Cities Matter$
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Mario Polese

Print publication date: 2010

Print ISBN-13: 9780226673158

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226673172.001.0001

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Why Do Some Places Generate More Wealth Than Others?

Why Do Some Places Generate More Wealth Than Others?

(p.1) 1 Why Do Some Places Generate More Wealth Than Others?
The Wealth and Poverty of Regions

Mario Polèse

University of Chicago Press

This chapter looks at the reasons that explain why some places grow and prosper compared to others. The idea that some places generate more wealth than others is similar to the idea that some people succeed in life while others do not. There are general rules for the latter—good health, having loving parents, and growing up in stimulating surroundings—but these alone do not guarantee success and happiness. Individual traits and circumstances count for just as much, if not more. No two individuals are exactly alike. Trying to explain why, within every nation, some places generate more wealth than others is inevitably a balancing act, a constant move back and forth between general laws and particular situations. In order to say anything useful about a place—why it is wealthy or poor, growing or declining—requires at least some knowledge of its past and of the geography of the nation in which it is located. Finally, the economic condition of any region is depends on its geographical location, people, and available resources.

Keywords:   wealth, geography, location, economic growth

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