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OCTOBER 2019 TAP TIMES -7-

Casebook (from 6)

Brexit would pass. Many others didn’t,
and now they must struggle to react
quickly.

Reduced per capita income
According to the anonymous author of a The October 2011 fl oods in Thailand caused a severe
distuption in the global supply chain for many products.
Wikipedia article on Brexit, the consensus
among economists is that Brexit “will likely Thailand, severely disrupting part of the
reduce the UK’s real per capita income global supply chain.
in the medium- and longterm, and that
Brexit has already damaged the British Almost all manufacturing was aff ected,
economy.” with particular damage to the facilities that
make computer hard drives, a staple of the
In July 2011, a devastating series of Thai electronics industry.
weather events, which began in the mon-
soon season and lasted until January According to Reuters, several large makers
2012, brought fl ooding to much of Next page

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