Friday, July 17, 2009

easiest way to estimate economic vigor: check the weather

It's no breakthrough discovery that warmer temperatures are not very conducive to making you feel revved up to take on a new project. does the hot and sticky NYC subway platform make you want to go home and crack a plan for world peace or a creative entrepreneurial endeavor, maybe? no - but it makes you want to sit around in your underwear and think about how many different ways you can eat coconut sorbet. on the other hand, insanely freezing artificial temperature at the office sure makes anyone want to get through excel reports fast. I'm pretty confident that if I lived in a beach hut in Tulum where it is consistently 90 degrees and sunny, I would slowly start to care less about silly things like our global economy and influencing people. (Please see below image of Tulum to understand).

moving on from my own personal sensitivites to climate - a much more relevant point here comes from the below referenced NPR story, which discusses a negative correlation between a nation's average temperature and its economic growth, and how this might affect our already economically polarized global community:

The results suggest that global warming could increase the gap between rich and poor.
"One of the takeaways I have from this paper is it seems like the economic impacts of increased temperature in poor countries are going to be very severe," Olken says.

Hot Climates May Create Sluggish Economies