Hi guys, Welcome to the Advanced Video Search Engine, and you are watching LSE Research: Measuring the Economic Impact of a Natural Disaster. That video is uploaded by LSE at 2010-04-20T02:52:29-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [rPdvLfHYiOU]
| Name | LSE Research: Measuring the Economic Impact of a Natural Disaster |
| Video Uploader | Video From LSE |
| Upload Date | This Video Uploaded At 20-04-2010 09:52:29 |
| Video Discription | How do economies react to and recover from massive natural disasters such as the Great Kanto Earthquake that struck Japan in 1923? Professor Janet Hunter provides insights... On 1 September 1923, an earthquake measuring 8.3 on the Richter scale struck the main Japanese island of Honshū. What wasn't immediately destroyed in the 4 10 minutes during which the ground shook was consumed by fires which swept through the largely wooden buildings of Tokyo and the port city of Yokohama Japan's central import hub. In this short film Professor Janet Hunter, of the Department of Economic History, looks at how the Japanese economy reacted to this disaster. Despite the massive devastation and loss of life as many as 140,000 died one extraordinary feature is how quickly the Japanese economy recovered. Within two to three years, most of the large-scale indicators such as gross domestic product, had reverted to trend. Indeed by 1926 it was, in many respects, as if the earthquake had never occurred. According to Professor Hunter's research, patterns are emerging that permit insights into the psychology of markets. These suggest that even short-term profit-seeking, although seemingly callous and opportunistic, ultimately plays a vital role in assuring swift recovery. rPdvLfHYiOU |
| Category | Education |
| Tags | LSE | London School of Economics | Research | Great Kanto earthquake | natural disasters | economic history | Professor | Janet Hunter | Japan | economy | economic | recovery |
