Many governments have implemented, and continue to maintain, exclusionary laws because of public support for social conservatism. The knock-on economic effects are significant
t’s not just ticket holders and artists who were left disappointed after the cancellation of the Good Vibes Festival last week but also hundreds of businesses and vendors in Kuala Lumpur who lost out on the potential revenue of what was expected to be a full weekend of concerts. The entire music festival was canceled by the Malaysian government on Saturdayon stage the night before in an inebriated protest of the country’s strict anti-LGBT laws.
, tells TIME that her research has found anti-LGBT laws and discrimination to cost as much as 1% of a country’s gross domestic product. “We can look at all the different things that matter for how well a country performs at the GDP level. Even when we take that into account,” says Badgett, “we definitely still see an association between more inclusive laws, more inclusive attitudes towards LGBT people and having a stronger economy.”Crucial in helping a nation thrive is human capital, which Lee says is the “aspect of human beings that make economies grow and perform well.
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