Friday, 4 November 2011

Rebuilding Thailand after the floods.

Schools, universities, educational establishments and many businesses are closed in Bangkok and other parts of Thailand as a consequence of the flooding and related uncertainty. Many schools are set to return to class on the 7th November, however the official date given by the Ministry of Education is Tuesday 15th November. Notwithstanding either dates being certain, waters in Bangkok continue to rise with more and more businesses closing daily. Consequently, business and school closures and the floods generally will cost the Thai economy more than 8 billion US dollars and from now until several months and in some cases, years into the future, this cost will come back upon the Thai people. 


The Thai Chamber of Commerce has estimated the flood cost at 250 billion Baht ($8.2 billion) and said it would take about three months for business to recover.  However, this is a very conservative estimate and the likely cost will be double, taking into account the grey and black economy. Agriculture, tourism, manufacturing, distribution and every type and form of business has been affected. However, the Thai people still keep up their smiling persona with a "never mind" attitude and a "let's have another go" philosophy. Ever present in their thoughts that life can get better.


Indeed, the foundation of Thai business and educational infrastructure is fundamentally supported by academic excellence and of course money, so the quality of worker in business tends to be academically astute as the education system philosophy pushes towards higher qualification attainment and more degree level courses per capita. The coming years will therefore, see the fruits of the excellence coming through the schools and universities and hence will contribute greatly to rebuilding.


Notwithstanding the education establishments and businesses pushing greater and wider knowledge for their employees, many business and academic courses can be cost prohibitive if studied on campus. However, if studied partly on line with local follow up the cost is not prohibitive and may even be free.


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