Friday, September 09, 2005

Long-Term Consequences of Katrina

Colby Cosh points out the precedents from the Hanshin earthquake that wiped out Kobe, Japan in 1995.

Most interesting possibility: The immediate need to use other ports will increase other ports' profits enough for them to invest in infrastructure improvements that will give them an advantage relative to what they have now, making them more attractive even if the destroyed port is reconstructed completely.

I would also suppose that the general infrastructure of the nation would also be altered so as to make it easier to us other ports, which would also bleed business from the destroyed port once it is reconstructed.

That is all.

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