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infospace: process book-1-chapter-03

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Extract entities, map to VSM, and synthesize analysis.
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tegwick 2026-02-19 15:04:57 +01:00
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# Economic Development Sequence
## Definition
The historical pattern in which economic development occurs first in areas with the best market access through water-carriage, then spreads to regions with inland navigation, and finally reaches areas dependent solely on land-carriage. This sequence reflects the role of transportation costs in determining development patterns.
## Source Chapter
Book I, Chapter 3
## Context
Smith describes how improvements in art and industry begin where water-carriage opens the whole world as a market, are later in extending themselves to inland parts of the country, and only reach areas dependent on land-carriage much later, establishing a clear sequence of economic development.
## Economic Domain
General Theory
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