Tuesday, August 9, 2011

Shaw capital Management Korea Latest News: Strategic implications of Japan’s disaster

http://blog.shawcapitalmanagement-news.com/2011/04/08/shaw-capital-management-news-strategic-implications-of-japans-disaster/


I have been cautious about predicting the longer-term strategic implications of the massive earthquakes and tsunami that hit Japan on March 11. To begin with, years ago I lived for a summer in the part of Japan that has born the brunt of this disaster, interviewing farmers and politicians for a column I struggled to write each week in Japanese for the local Iwate Nippo Newspaper. The images of death and destruction, especially to the beautiful Sanriku Coast, have been heartbreaking for me to watch. A second reason for caution is the lesson many of us learned trying to anticipate the longer-term impact of the December 2004 Asian Tsunami. Most of us in government at the time expected that the civil war in Sri Lanka would end because the tsunami had destroyed the Tamil Tigers’ fleet and coastal bases, but that the insurgency in Aceh, Indonesia would grow worse because the tsunami had destroyed the Indonesian Army’s bases and lines of supply. The exact opposite occurred – the Sri Lankan civil war dragged violently on for five more years, but Indonesian President Susilu Bambang Yudyuhono managed to sign a peace agreement with the Free Aceh Movement (GAM) within six months of the disaster. A final reason for caution is that the scope of the disaster is not yet clear — particularly at the Fukushima nuclear power plant, where a few dozen engineers bravely remain to cool the reactor cores.

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