Climate and economic growth

None of us feels much like working in this hot weather. This trivial fact draws attention to an unjustly overlooked factor in the causes of the wealth and poverty of nations - climate.
The fact is that almost all cool countries are rich. And most poor countries are hot. This alone suggests a link between climate and wealth.
For sure, there are exceptions - most obviously, some east Asian countries are hot and rich. But their economic development came after the introduction of air conditioning - which can't be a coincidence...more>>