Editorial: The economic climate | The Meteorological Society of New Zealand

Editorial: The economic climate

Year: 
1981
Volume: 
1
Issue: 
1
Author(s): 
W. J. Maunder
Abstract: 

The phrase "economic climate" has in recent times become very fashionable amongst politicians, economists, company directors and the news media. But, what is the true "economic climate" of a nation? Webster's dictionary gives one definition of climate as: "the prevailing temper or environmental conditions characterising a group or period." This definition suggests that the "true" economic climate not only involves consideration of the whole political, social and economic life of a nation, but also environmental factors (including the weather), as is evident from any recent examination of the international grain trade.

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