Tuesday, December 2, 2008

One Percent, Two Percent

Experts have estimated that the airport shutdown will cause a one or two percent reduction in Thailand's GDP. The original estimates were that Thailand's economy would grow between three and four percent, but after the airport fiasco, the expectations are two percent.



Thailand's economy has a gross domestic product 8.5 trillion dollars. One percent of that is 85 billion dollars. So the protests cost between 85 and 160 billion dollars. That is a staggering figure.



The PAD and anti-government types claim that they are protecting Thailand from Thaksin and his corrupt regime. Even if Thaksin was ten times the thief that his worse critics allege, he wouldn't have taken 85 billion from Thailand's economy. Talk about the cure being worse than the disease.

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