Essay about Economy of Japan after tsunami

1750 Words Dec 18th, 2013 7 Pages
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; …show more content…
At the same time, some analysts expect global car production to fall by nearly one-third as a result of shortages of Japanese automotive parts” (EIU).
Many companies can get products at a cheaper price by importing goods from Japan. Now companies have to worry about power sources and some things out of their control before they can start production again. The projected time for companies getting back on track again is having everything going perfectly with no other distractions or setbacks due to failure in a system. Japan as a nation is not only worrying about picking up the pieces from the disaster, but also worrying about a nuclear meltdown at a major power plant,
“Japan is struggling to cope not only with the effects of the earthquake and tsunami, but also with the continuing threat of a nuclear meltdown at Fukushima Daiichi nuclear plant. For the past several days, tens of millions of people have been living with the fear of major radiation leaks from the crippled plant” (EIU).
Japan is desperate need of help and is living life worrying about everything on a day to day basis without being able to completely control things. People are suffering from these affects because there is no power to be used around the nation leaving people struggling to make it through day. Japan’s economy as whole can explain how the whole global economy is going to start failing because of a catastrophic event.
Many…