Question

For what reasons could Thailand be described as a developing country in the 1970s? In what ways was it able to change?

Answer 1

Thailand was considered a developing country in the 1970s due to limited technology, infrastructure, and social challenges. However, it was able to change by focusing on economic development and attracting foreign investments.

Step-by-step explanation:

Thailand can be described as a developing country in the 1970s due to several factors. Firstly, it had limited technological advancements and infrastructure compared to developed nations, which impacted its economic growth. Additionally, Thailand faced challenges such as high birth rates, limited education opportunities, and inadequate healthcare. However, Thailand was able to change by focusing on economic development, attracting foreign investments, and promoting industries such as manufacturing and tourism.

Answer 2

In the 1970s, Thailand had a very low GDP Per Capita. In 1970, Thailand's GDP Per Capita was only 192 dollars. For comparison, the U.S. GDP Per Capita in the same year was 5.247 dollars.

Besides, in the 1970s, Thailand was a monarchy where the king at the time: king Bhumibol Adulyadej, had effective powers over the people. Not all monarchies are developing countries, but monarchies and dictatorships tend to be poorer because of the lack of independent judiciary and enforcement of property rights which disincentivizes investment and economic growth.