econ final paper

econ final paper - Boas 1 Will Boas Professor Chang...

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Boas 1 Will Boas Professor Chang Economics 201 26 April 2011 Effects of the Disaster in Japan The article from the Economist titled “How Will Disaster Affect Japan’s Economy” was written ten days after the horrific catastrophe that occurred in Japan. An earthquake that registered a 9.0 on the Richter scale hit very close to Japan which caused a tsunami and many damaging aftershocks. Many buildings are completely destroyed, there are widespread power outages and many people are without homes. Most businesses have either been completely wiped out or are temporarily shut down. The natural disaster that occurred in Japan last month has had many negative effects on the economy of Japan, other Asian countries, and the entire world. The disaster in Japan has had grave economic effects both in and out of Japan. Businesses all over the world are realizing how dependent they are on suppliers located in northern Japan, the area where the disaster did the most damage. Factories in the affected areas
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econ final paper - Boas 1 Will Boas Professor Chang...

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