Temperature Rise Slows Economy in Poor Countries

Temperature Rise Slows Economy in Poor Countries

Small increases in temperature may have reduced the industrial and agricultural production of poor countries, according to a study by U.S. economists. Higher temperatures may also have contributed to political instability in these countries — defined as those with below-median per capita income, adjusted for the purchasing power of the country’s currency — according to the study published in the American Economic Journal: Macroeconomics. In contrast, rich countries have so far shown no measurable economic or political consequences resulting from temperature change.