How much will the Japanese earthquake hurt the global economy?   
  

Experts on industrial logistics point out that, as world manufacturing has become more technologically advanced, it is more likely that a single supplier, or even a single factory, can be critical to a whole industry. And we know that, in this vein, Japanese corporations enjoy monopolies or oligopolies in a host of crucial niches in supplying advanced materials, components and production machinery for industries like electronics, cars, and aerospace.                                (The New Republic)

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