We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

The Major Effects of the Recent Japanese Earthquake and Tsunami on the Wold Economy - Essay Example

Comments (0) Cite this document
This paper "The Major Effects of the Recent Japanese Earthquake and Tsunami on the Wold Economy" focuses on Japan experiencing both earthquake and tsunami, because of which there were certain repercussions in the economy of Japan as well as in the world economy. It was expected by most of the economist that Japan would fall into recession…
Download full paper
The Major Effects of the Recent Japanese Earthquake and Tsunami on the Wold Economy
Read TextPreview

Extract of sample
The Major Effects of the Recent Japanese Earthquake and Tsunami on the Wold Economy

Download file to see previous pages... This study aims at gaining insights into the impacts of Japanese tsunami and earthquake upon the global economy especially the East Asia (Isidore, 2011). The Main Focus It is noted that Japan was facing certain kinds of structural pressures before the earthquake and the tsunami took place. The main problem with the country was related to the ageing workforce and the nonexistence of the immigration of the workers for long-term. It is the workforce growth that can lead to the economic growth of the country and thus Japan was facing the problem of slow growth potential in the near future. The country also is also facing the burden of heavy public debt in the industrial world. The immediate recovery of Japan after such disaster took place has been an issue of concern. However, it can be noted that Japan has been one of the wealthiest countries; moreover, the country’s government along with the households and the businesses have the necessary resources to rebuild and thus recover from such disasters. In the country of Japan, since the nuclear plant was damaged to a great extent, therefore it was expected that the transportation system, as well as the infrastructure, would interrupt the flow of the gasoline, oil, water and other inputs into the process of production. When such disruption takes place, then it affects the other industries such as manufacturing and services as well. It was further expected that the economy of Japan in the second quarter of 2011 would contract. However, it was further predicted that the country’s situation would show certain improvements in the third and the fourth quarter of the year 2011 because of the restructuring efforts made by the government through its spending (Beckman, 2011). The above paragraph has been related to the impact of the Japanese earthquake and tsunami on the country of Japan. However, now it is quite significant to understand the impact of such disasters on the overall world economy. 7 percent of the world’s output is contributed by Japan. However, the main point to be noted in this regard is that its contribution towards the growth of the overall economy has been quite less. The reason behind this is that of the trade surpluses in Japan. It has been expected by the analysts that the global economy would surely expand at a rapid pace by more than 3 percent in 2011. When the broad global (Gross Domestic Product) GDP is taken into consideration, then it can be mentioned that the effects of such disasters seem to be minimum. However, some of the countries may face the impact of such earthquakes and tsunamis of Japan in their countries. It has been evident that in Asia most of the countries depend upon Japan so that they can keep their plants operating. This can be explained with the help of an example. South Korea imports around 25 percent of the industrial parts from Japan. Therefore, if there is a long-term delay in the shipment of the goods from Japan, then it might affect the production as well as the economic growth of that particular country. It was further apparent that the developing countries in the continent such as Latin America had indirect effects via wider impacts upon the global economic growth. Latin America does not have much of the trade links with Japan since China’s presence is increasing in the region. Latin America exports less than three percent of its total export sales to Japan.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The Major Effects of the Recent Japanese Earthquake and Tsunami on the Essay”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1430272-the-major-effects-of-the-recent-japanese
(The Major Effects of the Recent Japanese Earthquake and Tsunami on the Essay)
“The Major Effects of the Recent Japanese Earthquake and Tsunami on the Essay”, n.d. https://studentshare.org/macro-microeconomics/1430272-the-major-effects-of-the-recent-japanese.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Japan economy after the earthquake and tsunami
The massive 9.0 earthquake and its subsequent tsunami devastated the people of Japan. The tsunami drowned entire villages. Over 13,000 people lost their lives in the natural disaster and over 14,000 additional people still missing (Gather). The earthquake that hit Japan along with causing great human suffering had devastating effects in the economy of Japan.
3 Pages(750 words)Research Paper
Earthquake and tsunami in Japan
Again in the case of the recent Japan disaster, the most important water use was for the cooling on the nuclear power plant at Fukushima, northeast of Japan which was damaged by the earthquake and tsunami.
2 Pages(500 words)Research Paper
Japanese Economy
Companies which were related would form up around a large bank such as Sumitomo and Mitsubishi that owned a big chunk of equity in the bank as well as in one another. They would do a lot of businesses with each other. The system of Keiretsu is merited for its ability to maintain business relationships in the long-run as well as stability with regard to clients and suppliers.
12 Pages(3000 words)Essay
Japan Earthquake and Tsunami 2011
Man has tried to achieve total control over their lives and the happenings in the world. But certain happenings clearly indicate the fact that there are still certain fields over which there is no human control and man cannot avoid these inevitable circumstances that result due to the actions of nature.
9 Pages(2250 words)Term Paper
Japan -earthquake, tsunami, and nuclear crisis in international business perspective
The above earthquake has caused the death of thousands of people; also, significant damages have been caused to the country’s nuclear units and the infrastructure (roads, airports, buildings); in fact, because of the extension of the earthquake’s effects, as analyzed below, the country’s economy has been severely affected.
2 Pages(500 words)Essay
Japanese Major Personal Statement
However, one thing has remained constant, that is, my tendency to insist on doing the things that I love doing, and the hope that my endeavors shall be valuable not only to my life, but to the life of others as well. I am convinced that this is the only way I can achieve and realize the value of my life.
4 Pages(1000 words)Personal Statement
Global Climate Change: Fukushima Earthquake and Tsunami
Japan is a cluster of islands located in the Pacific Ocean at the Far Eastern side of the world (Ramesha et al, 2011). Last year in March, Japan experienced a catastrophic earthquake, recorded as 9 on the Richter scale. The intensity of the earthquake caused strong ocean waves to slap the coastal city of Fukushima with a disastrous tsunami.
3 Pages(750 words)Research Paper
Recent Earthquake Analysis
In the Caribbean Islands, immediately north of Puerto Rico dwells the Puerto Rico Trench. This is the deepest spot in the Atlantic Ocean. Here, the North
2 Pages(500 words)Research Paper
Japanese Economy
Japan’s economic miracle in the 1950s and 1960s has been recognized although there are debates on how the miracle was achieved (Siddiqui 2009). Japan was the first nation to break the western monopoly over
11 Pages(2750 words)Essay
2004 Indian Ocean Earthquake and Tsunami
In 2004, global fraternity witnessed catastrophic destruction of the nature when Indian Ocean earthquake resulted in Tsunami. It was an undersea gigantic thrust which took place at 00:58:53 UTC. It was a black day for the countries like Thailand, Maldives, Somalia, Sri Lanka and India. Magnitude of the earthquake was 9.1–9.3 Mw.
6 Pages(1500 words)Essay
Let us find you another Essay on topic The Major Effects of the Recent Japanese Earthquake and Tsunami on the Wold Economy for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us