Economics Report - Studying Corruption in Thailand

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VOA Learning English, this is the Economics ReportMany Thais protests in Bangkok last year. They urged Prime Minister Shinawatra to deal with the growing problem of corruption their country. How much economic activity is lost to is difficult to estimate. The University of the Thai of Commerce studied the issue not too long ago. university found that more than two percent of all the goods and services produced in Thailand, or worth $11 billion, will likely be lost to corruption this . According to the researchers, many business people say they paying more to Thai officials and politicians to win contracts. Political economist Pasuk Pongpaichit says there is evidence officials are making progress in controlling low level corruption. , she says, the slowing world economy means growing competition profitable deals with the government. Bandid Nijathaworn is a central bank official and President of the Thai Institute Directors. He says corruption in Thailand appears to be of a problem now than it was 10 years . And the problem affects more than Thailand. The American-based for International Policy says that more than $2.7 trillion illegal funds left China between 2001 and 2010. The left as a result of criminal financial deals, corruption, evasion or other illegal activities. For Thailand, the amount $64 billion during the same period. In 2003, the Nations passed a convention against corruption. But observers say fight against corruption needs to go beyond law enforcement. say it must include nongovernmental organizations and private industry . For VOA Learning English, I'm Laurel Bowman. (Adapted from radio program broadcast 29Feb2013)

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