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LGBT exclusion is costly for Asia

HONG KONG   Aside from the moral implications, stigmatization of minority groups can translate into huge economic losses, research shows.     

     "Billions of dollars are lost simply because of treating LGBT [people] unfairly," said Lee Badgett at The Economist Intelligence Unit's Pride and Prejudice 2016 conference, which took place in Hong Kong, London and New York on March 3. Badgett, a professor of economics at the University of Massachusetts Amherst, was referring to a study she carried out for the World Bank and the Nordic Trust Fund that was published in October 2014. For example, she found that India had seen 1.7% of its gross domestic output vanish due to LGBT discrimination in the workplace.

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