Global warming: Northern countries to be economic power houses

By By Meg Sullivan | 07 Sep 2010

1

Move over, Sunbelt. The New North is coming through, a UCLA geographer predicts in a new book.

Laurence C. SmithAs worldwide population increases by 40 per cent over the next 40 years, sparsely populated Canada, Scandinavia, Russia and the northern United States will become formidable economic powers and migration magnets, Laurence C. Smith writes in The World in 2050: Four Forces Shaping Civilization's Northern Future (Dutton Books), scheduled for publication 23 September 2010.

While wreaking havoc on the environment, global warming will liberate a treasure trove of oil, gas, water and other natural resources previously locked in the frozen north, enriching residents and attracting newcomers, according to Smith. And these resources will pour from Northern Rim Countries - or NORCs, as Smith calls them - precisely at a time when natural resources elsewhere are becoming critically depleted, making them all the more valuable.

"In many ways, the New North is well positioned for the coming century even as its unique ecosystem is threatened by the linked forces of hydrocarbon development and amplified climate change," writes Smith, a UCLA professor of geography and of earth and space sciences.

Other tantalizing predictions:

  • New shipping lanes will open during the summer in the Arctic, allowing Europe to realize its 500-year-old dream of direct trade between the Atlantic and the Far East, and resulting in new access to and economic development in the north.
  • Oil resources in Canada will be second only to those in Saudi Arabia, and the country's population will swell by more than 30 percent, a growth rate rivaling India's and six times faster than China's.
  • Northern Rim Countries (NORCs) will be among the few place on Earth where crop production will likely increase due to climate change.
  • NORCs collectively will constitute the fourth largest economy in the world, behind the BRIC countries (Brazil, Russia, India and China), the European Union and the United States.
  • NORCs will become the envy of the world for their reserves of fresh water, which may be sold and transported to other regions.

 An Arctic scientist who has consistently sounded alarms about the approach of global warming, Smith is best known for determining the role of climate change in the disappearance of more than a thousand Arctic lakes over the last quarter of the 20th century. Discover magazine ranked Smith's finding among the top 100 scientific discoveries of 2005.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more