Economy of Japan after tsunami
When an earthquake followed by a tsunami hit Japan, the people were devastated and everyone was scrambling for their safety. The earthquake was one of the strongest on record and this caused an overwhelming tsunami that destroyed most of the nation. These events not only tore down Japan, but this natural disaster is going to greatly affect the rest of the world and the global economy. Before these events, the global economy was stable and now after these events the global economy is going to see a change for the worse. Some nations feel that they can self produce and are not going to be affected, but there are some nations that are dependent on the production of some products from other nations. Japan is a highly civilized country; they have spent a lot of money trying to protect the country against natural disaster trying to make sure they didn’t have to rebuild the nation completely. Other nations are trying to help out as much as possible with donations and support trying to get them back to where they are able get back on track and support themselves. Between loss of families, injuries, income, and production every company’s workforce is going to be affected. No matter how strong a nation is the events in Japan are going to affect them one way or another. Most nations feel a sense of economic security, but the tragic events in Japan are going to show how the global economy can be affected negatively by just one nation and challenge the nations that think they are self-sufficient. Many sophisticated nations feel as if they are basically self-sufficient and don’t have to worry about events in other countries affecting their way of life. At first these countries had a small worry not knowing the severity of these events, but then they were told they were going to be fine and not have to worry about anything because they can switch production to other factories. E.S. Browning explains how firms overseas are better off, “Some Japanese firms will also have to
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