Question

Consider the distributional effects of agricultural productivity due to global warming. Discuss some of the ramifications this outcome would have on regional economies, national economies, and world trade.

Answer 1

Global warming has caused deep level disruption in loss of productivity, wasteful resources allocation, degradation of crops, inefficient distribution methods.

Moreover on national level and regional level it causes biodiversity losses, ecological imbalance, environmental instability, losses in national level output, and lower export regime.

Thus it leads to shrinkage of world trade and bilateral relationships and thus forex reserves too decline due to global warming negative ramifications.

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