Topic > The Effects of Earthquakes on the Economy

Natural disasters such as earthquakes, floods, typhoons and hurricanes inflict severe damage and therefore appear to be harmful to the economy. For businesses, natural disasters destroy physical assets such as buildings and equipment, as well as human capital, thereby deteriorating their production capacity. These negative impacts can sometimes be fatal for businesses and force them to close. But academic evidence on the economic impact of natural disasters is mixed. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essayMore than 9,000 people have lost their lives and more than 23,000 have been injured to date. After the shaking of these earthquakes continued to this day. Water resources are potentially useful sources of water. Uses of water include agricultural, industrial, domestic, recreational and environmental activities. All living things need water to grow and reproduce. Thousands of people in temporary shelters or tents were without basic water supply and sanitation immediately after the earthquake. The destruction of water systems in 14 districts has left around 1.1 million people without access to protected water sources. 1,570 water supply systems suffered severe damage while 3,663 were partially damaged and 220,000 toilets were rendered unusable in the 14 worst-hit districts. Hydropower or hydroelectricity is energy derived from the energy of falling water or fast-flowing water, which can be harnessed for useful purposes. The earthquake is said to have damaged 14 hydroelectric projects, causing severe damage to 115 MW of hydroelectric power generation facilities and 60 MW partially damaged (PNG). Other hydroelectric projects under construction of 1,000 MW capacity were also affected. The overall power sector suffered losses of Rs18. 75 billion. Water pollution is the contamination of bodies of water. Water pollution affects the entire biosphere of plants and organisms living in these bodies of water, as well as organisms and plants that may be exposed to the water. Decaying bodies of deceased people and animals, their mass cremation, septic failure, and cross-contamination of sewer lines with drinking water distribution systems could impact the quality of surface and groundwater, thereby increasing the risk of waterborne diseases after the earthquake. . Toxic chemicals released by households and industries will be absorbed into the soil and end up in aquifers or rivers, contaminating the drinking water sources of millions of people. Actual natural events can and do have serious negative monetary effects in the short term. Likewise, disasters appear to have long-term adverse effects on monetary development, progress, and poverty reduction. In any case, negative effects are not inevitable. Defenselessness is moving rapidly, particularly in countries facing economic change, rapid development, urbanization, and related specialized and social changes. Looking at the Earth as a whole, 2011 saw the highest economic losses ever recorded due to earthquakes. It also recorded the highest economic losses ever recorded due to natural disasters, especially due to the magnitude 9.0 Tohuku earthquake and resulting tsunami in Japan in March 2011. The earthquake, said to be the most powerful ever to hit Japan , it was more of a sign of what was coming next: an unexpected tsunami. The earthquake occurred at a time when the world's third largest economy (after China andUnited States) was progressing well in the second half. Obviously the damage was enormous, especially for Japan. First of all it is an island. Secondly, it is considered one of the leading countries in terms of technology. A significant number of dead, missing, homeless and evacuated people, the risk of a nuclear power plant explosion, collapsed buildings, plant closures and many other damages have had their effects not only on Japan, but also on the world. These effects are more visible in the economy. The reason is simple: Today's world is becoming increasingly familiar with globalization, the process by which regional economies have integrated into a global economy. Unfortunately, the earthquake hit the locations of automobile and semiconductor factories, destroying not only the factories but also raw materials, leading to a suspension of the manufacturing process in many car manufacturers such as Toyota, Mitsubishi and Nissan. A great responsibility for the reconstruction costs will fall on the shoulders of local authorities and the government, which has recently struggled to recover its public debt figures. In addition to the concern about public debt, Japan faces the currency problem (Yen). It is often argued that a strong currency is an indicator of a good economy. In reality, the truth is that a strong currency has a negative impact on exports and harms the exporter's ability to compete in the world market. Certainly trade is one of the major effects of the earthquake and tsunami on the world economy. Considering the disruptions to Japanese manufacturing activities, the impact on international supply chains could also be considerable. This is especially important in industries such as automotive, telecommunications and consumer electronics. However, the effects are unequally distributed and it is emphasized that they may even be limited. Natural disasters cause significant budgetary burdens, both with just financial impacts here and now, and with broader long-term advancement propositions. Reallocation is the essential monetary reaction to the debacle. Disasters have little effect on models in all management streams. Fatalities and injuries caused by catastrophic events can affect organizations much more than damage to foundations and money. Helping affected representatives recover for their particular prosperity and furthermore that of your business can be just as essential a piece of organizing and recovering from a debacle as ensuring your protective coverage is adequate. And then there's the potential effect on your production network. Real fiascos can disrupt economies far beyond foundation damage, as organizations around the world can find their supply chains and markets affected in the aftermath. There really isn't a company or buyer that doesn't depend to some degree on products and businesses from different parts of the world, and all parts of the world have distinct levels of possibility for catastrophic events. Natural disasters such as earthquakes, floods, typhoons and hurricanes cause severe damage and therefore appear to be harmful to the economy. For businesses, natural disasters destroy physical assets such as buildings and equipment, as well as human capital, thereby deteriorating their production capacity. These negative impacts can sometimes be fatal for businesses and force them to close. But academic evidence on the economic impact of natural disasters is mixed. To date, more than 9,000 people have lost their lives and more than 23,000 have been injured. After the shaking of these earthquakes continued to this day. Water resources are potentially useful sources of water. The uses of waterinclude agricultural, industrial, domestic, recreational and environmental activities. All living things need water to grow and reproduce. Thousands of people in temporary shelters or tents were without basic water supply and sanitation immediately after the earthquake. The destruction of water systems in 14 districts has left around 1.1 million people without access to protected water sources. 1,570 water supply systems suffered severe damage while 3,663 were partially damaged and 220,000 toilets were rendered unusable in the 14 worst-hit districts. Hydroelectric power or water power is energy derived from the energy of falling water or rushing water, which can be harnessed for useful purposes. The earthquake is said to have damaged 14 hydropower projects, causing severe damage to 115 MW hydropower plants and partial damage to 60 MW (NPC). Other hydroelectric projects under construction of 1,000 MW capacity were also affected. The overall power sector suffered losses of Rs18. 75 billion. Water pollution is the contamination of bodies of water. Water pollution affects the entire biosphere of plants and organisms living in these bodies of water, as well as organisms and plants that may be exposed to the water. Decaying bodies of deceased people and animals, their mass cremation, septic failure, and cross-contamination of sewer lines with drinking water distribution systems could impact the quality of surface and groundwater, thereby increasing the risk of waterborne diseases after the earthquake. . Toxic chemicals released by households and industries will be absorbed into the soil and end up in aquifers or rivers, contaminating the drinking water sources of millions of people. Actual natural events can and do have serious negative monetary effects in the short term. Likewise, disasters appear to have long-term adverse effects on monetary development, progress, and poverty reduction. In any case, negative effects are not inevitable. Defenselessness is moving rapidly, particularly in countries facing economic change, rapid development, urbanization, and related specialized and social changes. Looking at the Earth as a whole, 2011 saw the highest economic losses ever recorded due to earthquakes. It also recorded the highest economic losses ever recorded due to natural disasters, especially due to the magnitude 9.0 Tohuku earthquake and resulting tsunami in Japan in March 2011. The earthquake, said to be the most powerful ever to hit Japan , it was more of a sign of what was coming next: an unexpected tsunami. The earthquake occurred at a time when the world's third largest economy (after China and the United States) was progressing well in its recovery. Obviously the damage was enormous, especially for Japan. First of all it is an island. Secondly, it is considered one of the leading countries in terms of technology. A significant number of dead, missing, homeless and evacuated people, the risk of a nuclear power plant explosion, collapsed buildings, plant closures and many other damages have had their effects not only on Japan, but also on the world. These effects are most visible in the economy. The reason is simple: Today's world is becoming increasingly familiar with globalization, the process by which regional economies have integrated into a global economy. Unfortunately, the earthquake hit the locations of the automobile and semiconductor factories, destroying not only the factories but also the raw materials, leading to a suspension of..