The Japan earthquake, tsunami and nuclear plant disasters have taken a horrific toll in human life and dealt a crippling blow to the Japanese economy. Beyond the immediate human tragedy, ripple effects from the Japanese crisis have global impact and serious consequences for the domestic economy in the United States—all set against the continuing economic shocks from the unrest in the Middle East and North Africa.
In a live web chat with POLITICO on March 30, expert Robert Pozen took questions about the wider economic implications of the disasters, including the still-fragile recovery in the United States and opportunities for Japan to recover and emerge even stronger. Seung Min Kim, of POLITICO, moderated the discussion.
"There needs to be substantial follow along investment from the supply chain. This is a significant gamble. For [Wisconsin's state investment in Foxconn] to pay off, you need to build not just one company … you need to build a number of smaller and medium-sized companies."