Since the earthquake struck on 11 th March, there have been many warnings that massive economic disruption in Japan will be transmitted equally around the world through global supply chains . In our...

The latest data show that world trade grew strongly in January and that emerging markets continue to outperform advanced economies in this respect. This is consistent with the evidence from purchasing...

The economic costs of natural disasters, although nowhere near as important as the loss of life, are typically much less than those of major financial shocks. A discussion of why this is the case...

Once the immediate uncertainty clears, Japan’s nuclear crisis is likely to have only a limited impact on global energy markets. The events in Fukushima will raise concerns about costs and security...