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Latitude and Longitude Notes. Tells you how far NORTH or SOUTH of the equator you are. 0o (zero) degrees latitude is called the EQUATOR. Tells you how far EAST or WEST of the prime meridian you are.
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Explanation:
The economic growth provided by industrial development is a well-sustained growth that can transform an economy. ... Industrial growth is often linked with higher wages The production that industry provides buts more money and more services for the economy leading to higher income per capita and more labor productivity.The economic growth provided by industrial development is a well-sustained growth that can transform an economy. Industrial growth and economic growth go hand in hand. Economies thrive when an industry is growing because a growth in the industry means more jobs, more money, and more opportunity. Industrial growth is often linked with higher wages The production that industry provides buts more money and more services for the economy leading to higher income per capita and more labor productivity. The standard of living increases when industry increases. These opportunities can transform an area and inspire endless amounts of growth. Hence, industries are more important in developed countries than in developing countries
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China´s increasing trade with other nations, and especially through maritime routes, has ensured that the Chinese seek better, and more efficient ways to help Chinese companies save money and time shipping their products around the world.
In order to ensure this process is effective, China has not only increased its economic alliegance with nations such as Greenland, but it is starting negotiations of free trade agreements also with Iceland.
Because of global warming, the famous Northwest Passage, which goes through the Arctic, has now become a possible route through which ships can pass. For China this has become a huge possibility, as it allows Chinese merchant ships to cross from the Pacific to the Atlantic in half the time than they usually take crossing the Suez Canal. And China, not being slow in taking changes of incresing its trading capacity, has capitalized on this opening route. Now, since 2013, Chinese ships go through that route, taking advantage of the receding ice caps. So, essentially, the statement: "China stands to gain the greatest benefit from a newly opened polar freshwater shipping and trade route" is absolutely true and real.
