Godlike Productions - Conspiracy Forum
Users Online Now: 2,469 (Who's On?)Visitors Today: 717,957
Pageviews Today: 1,039,362Threads Today: 268Posts Today: 5,188
10:21 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Global Economy would collapse in 7 days if a major disaster struck the planet.

 
Jet Wylie
Offer Upgrade

User ID: 7694657
Australia
01/09/2012 08:52 AM
Report Abusive Post
Report Copyright Violation
Global Economy would collapse in 7 days if a major disaster struck the planet.
The global economy could withstand widespread disruption from a natural disaster or attack by militants for only a week as governments and businesses are not sufficiently prepared to deal with unexpected events, a report by a respected think-tank said.

Events such as the 2010 volcanic ash cloud, which grounded flights in Europe, Japan's earthquake and tsunami and Thailand's floods last year, have showed that key sectors and businesses can be severely affected if disruption to production or transport goes on for more than a week.

"One week seems to be the maximum tolerance of the 'just-in-time' global economy," said the report by Chatham House, the London-based policy institute for international affairs.

The current fragile state of the world's economy leaves it particularly vulnerable to unforeseen shocks. Up to 30 percent of developed countries' gross domestic product could be directly threatened by crises, especially in the manufacturing and tourism sectors, according to the think-tank.

It is estimated that the 2003 outbreak of severe acute respiratory syndrome (SARS) in Asia cost businesses $60 billion, or about 2 percent of east Asian GDP, the report said.

After the Japanese tsunami and nuclear crisis in March last year, global industrial production declined by 1.1 percent the following month, according to the World Bank.

The 2010 volcanic ash cloud cost the European Union 5-10 billion euros and pushed some airlines and travel companies to the verge of bankruptcy.

"I would like to think we can learn from those experiences and be more resilient for longer but it won't happen unless governments and businesses are better prepared and put in place different supply chains which can be relied on when disasters strike," said Alyson Warhurst, chief executive of UK-based risk analysis company Maplecroft.

'Be Prepared'

Costs can escalate quickly when transport or major production hubs are disrupted for more than a few days, which can in turn threaten food and water supplies and energy and communication networks, the report said.

In the event of prolonged disruption, some businesses would be forced to cut investment and jobs or consider closing down, leading to a permanent reduction in countries' growth.

In general, governments and businesses are under-prepared to respond to high-impact, unpredictable events, with worst-case scenarios rarely factored into their contingency plans.

"Contingency and business planning often assumes the return of status quo ante post-crisis. But this approach will be inadequate in a world of complex economic and social risks, when there is no return to business-as-usual practices," said Bernice Lee, the report's lead author.

"Industries - especially high-value manufacturing - may need to re-consider their just-in-time business model in an interdependent world," she added.

Climate change and water scarcity will only add to risks, putting even more pressure on infrastructure and resources.

Experts have been warning governments over the past few years that they are not properly prepared to deal with national crises.

The UK government came under fire in 2007 for its lack of preparation and response to severe floods, which cost the economy 3.2 billion pounds.

The think-tank recommended various ways to improve responses from governments and businesses to extreme events.

It particularly highlighted social media networks as a useful "one-stop shop" for information in the event of a crisis. In the London riots last year, social networks such as Twitter proved invaluable for many people to track the rioters' movements across the UK capital and take precautions.

[link to www.cnbc.com]
“I think there's something strangely musical about noise.”

Trent Reznor

“And when the day arrives I'll become the sky and I'll become the sea and the sea will come to kiss me for I am going home. Nothing can stop me now.”
Anonymous Coward
User ID: 5418022
United States
01/09/2012 08:56 AM
Report Abusive Post
Report Copyright Violation
Re: Global Economy would collapse in 7 days if a major disaster struck the planet.
Right-o, let's count the ways.
NORTHERN SUPERSTORMS (Warm Winter? Set sail for Hurricane Season!)
YELLOWSTONE (Any time now.)
SAN ANDREAS (x2)
SECOND JAPAN EARTHQUAKE (>7.5 Will hurt.)
KIM JONG UN (What does this button do?)
IRAN, ISREAL NUKE MELTDOWN.
Jet Wylie (OP)

User ID: 7694657
Australia
01/09/2012 09:00 AM
Report Abusive Post
Report Copyright Violation
Re: Global Economy would collapse in 7 days if a major disaster struck the planet.
Right-o, let's count the ways.
NORTHERN SUPERSTORMS (Warm Winter? Set sail for Hurricane Season!)
YELLOWSTONE (Any time now.)
SAN ANDREAS (x2)
SECOND JAPAN EARTHQUAKE (>7.5 Will hurt.)
KIM JONG UN (What does this button do?)
IRAN, ISREAL NUKE MELTDOWN.
 Quoting: Anonymous Coward 5418022


lol jay
“I think there's something strangely musical about noise.”

Trent Reznor

“And when the day arrives I'll become the sky and I'll become the sea and the sea will come to kiss me for I am going home. Nothing can stop me now.”
Jet Wylie (OP)

User ID: 7694657
Australia
01/09/2012 09:29 AM
Report Abusive Post
Report Copyright Violation
Re: Global Economy would collapse in 7 days if a major disaster struck the planet.
bump
“I think there's something strangely musical about noise.”

Trent Reznor

“And when the day arrives I'll become the sky and I'll become the sea and the sea will come to kiss me for I am going home. Nothing can stop me now.”
Anonymous Coward
User ID: 1517165
United States
01/09/2012 09:31 AM
Report Abusive Post
Report Copyright Violation
Re: Global Economy would collapse in 7 days if a major disaster struck the planet.
not to be offensive, but that is kinda a:

sherlock
Jet Wylie (OP)

User ID: 7694657
Australia
01/09/2012 09:33 AM
Report Abusive Post
Report Copyright Violation
Re: Global Economy would collapse in 7 days if a major disaster struck the planet.
not to be offensive, but that is kinda a:

sherlock
 Quoting: Anonymous Coward 1517165


Haha!

Last Edited by Jet Wylie on 01/09/2012 09:33 AM
“I think there's something strangely musical about noise.”

Trent Reznor

“And when the day arrives I'll become the sky and I'll become the sea and the sea will come to kiss me for I am going home. Nothing can stop me now.”
Jet Wylie (OP)

User ID: 7694657
Australia
01/09/2012 04:17 PM
Report Abusive Post
Report Copyright Violation
Re: Global Economy would collapse in 7 days if a major disaster struck the planet.
bump
“I think there's something strangely musical about noise.”

Trent Reznor

“And when the day arrives I'll become the sky and I'll become the sea and the sea will come to kiss me for I am going home. Nothing can stop me now.”
Mr.E

User ID: 1610681
New Zealand
01/09/2012 04:26 PM
Report Abusive Post
Report Copyright Violation
Re: Global Economy would collapse in 7 days if a major disaster struck the planet.
Yep.
~Mr. E~

News