paper identifies and analyzes the major issues and consequences which the most recent earthquake in Japan brought to the business community. It presents some courses of actions and their justifications on how the company should proceed in its industry in order to eliminate or at least minimize the negative impacts of this earthquake on its normal business operations. Executive Summary Earthquakes and tsunamis impact each and every aspect of normal life and routine functioning of individuals and business
An ASB Bank economic expert says she expects the Reserve Bank governor Bollard post to reduce the official money rate partly attributable to the economic impact of the earthquake. "The personal, economic and money ramifications for the complete economy from the February earthquake are getting more severe as more data involves hand," bank economic expert Jane Turner."At a time of national crisis, once the underlying economy is already proving frustratingly weak, a rate cut would doubtless be extremely
Earthquakes and their resulting effects have been a constant threat to life and livelihoods of the human race. These seismic events can have disastrous effects on a population and its infrastructure which in turn affect its economic resilience and ability to respond to future events. The way in which these events are managed has a direct impact on the wellbeing of an affected community and its socio-economic status is usually an indicator of how well these events are managed. Understanding how past
The Great East Japan Earthquake's impact on the Japanese financial system Introduction Japan is located in an area where several tectonic plates meet. Earthquakes frequently strike the Japanese archipelago - minor tremors occur almost on a daily basis, while severe disasters - infrequently, yet they have had harsh consequences in terms of both direct and indirect impact on the economy, thus, on the financial system. Earthquakes are usually associated with devastation and losses, and Japan is no
Earthquakes have been around for longer than humans have roamed the Earth. Even though humans haven’t been around to record all earthquakes, they have been around to record many significant ones in the past that have done damages to not only civilizations, but human lives and even the economy. A prime example of an earthquake that wreaked havoc on Earth was the Great Chilean Earthquake. This was the world’s largest ever recorded earthquake which had a magnitude of 9.5 that hit near Valdivia, Chile
The Great 1906 San Francisco Earthquake The Great 1906 San Francisco Earthquake At 5:12 a.m. on April 18, 1906, the people of San Francisco were abruptly awaken to one of the world’s most expensive and impacting earthquakes of the 20th century. The magnitude of the earthquake is debatable, ranging from 7.7 to as high as 8.2. However, the most accepted Richter measurement is 7.9. This is debated because Charles Richtor developed his scale in 1935, after the killer quake. The main shock epicenter
livelihoods, health and development of communities. No two earthquake events are the same and the level of threat posed by an earthquake can vary due to both the human and physical factors of an area. The 2010 magnitude - 7.0 earthquake that occurred in Haiti is an example of where a natural disaster caused a previously vulnerable area to suffer tremendous loss and debilitating socio-economic impacts, to an already poverty-stricken nation. The earthquake occurred on the 12th of January 2010, a slip along
Assessment of the Economic Impact that the Natural Disaster May Have on the Countries of South East Asia The 2004 Indian Ocean earthquake was an undersea earthquake that occurred at 00:58:53 on December 26, 2004. The earthquake generated a tsunami that was among the deadliest disasters in modern history. At magnitude of 9.0, it was the largest earthquake since the 9.2 magnitude Good Friday Earthquake off Alaska in 1964, and tied for fourth largest since 1900. In February
Discuss the view that the impact of earthquake hazards depends primarily on human factors (40) Plan: Intro –What is a hazard? - Human and Physical Factors – How to manage with events Main – Natural Hazards – Human Factors – Management – Case Studies –California 1994 –Gujarat 2001 –Indian Ocean Tsunami 2004 Earthquake Hazards occur when there are adverse effects on human activities. This can include surface faulting, ground shaking and liquefaction. In this essay I will be discussing the factors
TSUNAMI DISASTER, WHAT IMPLICATION ON ECONOMIC SYSTEM IN THIS REGION? We view with awe a release of power on this scale. We know that this power is greater than that of our species — nature holds us in its hands. We may be able to mitigate some of the consequences; in some cases we may be able to give advance warning of the threat; but we are not in control; the tsunami has demonstrated this ancient truth. William Rees-Mogg INTRODUCTION 1. On the morning of December