After earthquake rebuilding Japan’s economy

After earthquake rebuilding Japan’s economy

An earthquake is the shaking of the surface of the Earth. Earthquakes can be extremely violent. They are caused by abnormal movements of the Earth’s tectonic plates. The study of earthquakes is called seismology. Earthquakes are usually quite brief, but they may repeat. The sudden release of tension in the tectonic plates sends waves of energy that travel through the Earth. Seismology studies the cause, frequency, type, and size of earthquakes.

 

There are actually well-documented geological reasons why Japan is so earthquake-prone. An earthquake occurs due to the stresses caused by the movements of tectonic plates that comprise the earth. Japan and earthquakes go hand in hand due to the country’s position along the “Pacific Ring of Fire,” where it lies across three tectonic plates, including the Pacific Plate under the Pacific Ocean and the Philippine Sea. Japan’s economy fluorished after facing a lot of natural disasters because they were able to adapt to their social, economic, and educational systems posed by the challenges. Japan wasn’t resource-rich so they needed to snatch up places that had natural resources to fuel its economy.

 

The largest growth ever in Japan’s economy took place when the Ministry of International Trade and Industry formed. It played a significant role in the economic recovery of the country. The ministry created a synergy between the government and the private sector to improve the productivity of industries thus leading to economic gains. The ministry was granted control over technological imports and later on control over all of Japan’s imports. The importation of newly affordable technology also boosted the industrial sector. The ministry is credited with most of the economic interventions that led to the rapid growth of Japan’s economy during the economic miracle period. In addition to this, Japan worked a lot in its education system and produces very skillful and talented human resources. The skilled Japanese also did great work in technology. Due to all these various reasons, Japan was able to recover from dire disasters like earthquakes.

 

Northeastern’s Allan Bird, the Darla and Frederick Brodsky Trustee Professor in Global Business, who has worked with Japanese government and private-sector organisations since 1974 said at that time,” The Japanese economy has been limping along for nearly two decades, lacking vitality and wrestling with the challenges of a matured manufacturing sector and an aging population. The damage to the infrastructure in the region most affected is significant and will take years to rebuild — roads and bridges have been washed out, ports have been severely damaged, and the on-going nuclear troubles will not be easily resolved. At the national level, just-in-time delivery systems have been severely impacted due to the need to cut back on energy consumption. Japanese production and manufacturing are tightly integrated, so widespread disruptions have rippled through the system.” Beyond all this, Japan again proves its enthusiasm to face all the obstacles and emerged as a developed economy.

 

Saloni Sharma

Saloni Sharma
Saloni Sharma

13salonisharma@gmail.com

Pursuing BTech in electrical engineering from SGSITS CAT aspirant Love to read and write

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