Long-Term Economic Impact of Japan Disaster Is Likely Smaller Than Thought

This explains that the actual permanent impact of significant disasters have been relative less than thought and that is likely to be the case in Japan.

…while the fear is understandable, this may turn out to have been an overreaction: history suggests that, despite the terrifying destruction and the horrific human toll, the long-term impact of the quake on the Japanese economy could be surprisingly small.

via Japan and the Economics of Natural Disasters : The New Yorker.

About Stephen E. McGaughey
International consultant in economic development programs and projects

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