Wednesday, October 19, 2011

Mass flooding in thailand

Thailand is being affected by floods and experts say that it is some of the worst flooding in decades. The entire country has been engulfed by the flood waters destroying roads,buildings and has killed almost 800 people so far.  The Thailand government has estimated the damage costs to be around 3 billion US dollars. The economic impact of these floods is that the global economy could potentially be slowed down. Thailand is a major source of economic supplies for the United states and the rest of the world due to the fact that there are many major factories/plants that produce electronics (Dell) and cars such as Toyota parts. This situation can be looked at with the social perspective because US consumers rely on this country to produce electronics for phones and cars and if the plants that produce these parts are slowed down, then so will the economy.

THAIFLOOD
Article and image:
http://www.businessweek.com/news/2011-10-18/western-digital-exports-from-thailand-to-fall-on-flood.html
http://online.wsj.com/article/SB10001424052970204618704576640883035602852.html

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