Thailands Development Path Assignment | Online Assignment

Students are to choose a developing country (Any country does is not classified as high-income country by the World Bank https://datahelpdesk.worldbank.org/knowledgebase/articles/906519), (I already choose Thailand and I will upload the poster I did about it).
* I upload;
– Poster.
– Details on assignment.
* please make sure to include tables and figures and APA in citations and referencing.Project Overview
This poster is research about Thailand,
because I visited, economic
indicators such as:
*
Human development index ( HDI) in Thailand, with illustrating the three
significant components of HDI.
*
The essential reasons and signs of increasing inequality and how it is
related to human development in Thailand.
*
Explaining the main causes of rising poverty in Thailand and clarify the
way out to solve it.
Then,
the poster will indicate to the material and theories which covered in
tutorial:
–
Lewis theory which focused on agricultural sector in Thailand.
–
Adam Smith model which describes the progress of technology and
how the labor force are effort in Thailand.
–
Economic growth in Thailand.
Finally, summarizing all the figures and data and expected outcome of
Thailand in Future.
Variables / Indicators / Data
Human development
Index(
HDI)
•The level of
knowledge and
education are the
main objective to
increase how
Thailand be
competitive and
capable globally.
•Gross National
Income (GNI) per
person is the
measure of
standard of living in
Thailand compared
with other nations.
•Thailand a World
Life Expectancy
ranking of 69 , which
measured by long
and healthy life and
increased birth.
Inequality
•Thailand is
considered one of
the worst
inequalities of
wealth in east Asia.
•The distribution of
income in Thailand
shows that as the
richest 1 % controls
58 % of the country’s
wealth and the top
10 % earned 35
times more than the
bottom 10
•Inequality in
opportunity, labor
market and income
will lead to increase
the inequality in
Thailand.
•Widening gap
inequality in
Thailand can be
reduced by the
awareness of the
problem, piecemeal
policies, and social
services.
Poverty
•About 6.7 million
people live under
the poverty line in
Thailand.
•Poverty declined
significantly over the
last 30 years ( 1988
2018 ) from 65.2 % to
9.85 %, the south
regions were the
highest.
•Main causes of
poverty in Thailand
are economic
growth has slowed
down and Inequality
between the rural
and urban regions.
•Reducing poverty in
Thailand by
boosting economic
growth, improving
public service, and
reforming education
system.
Theories or topics covered in class that
relate to this analysis
Theories / Topic
name Comments / brief justification
Lewis Theories
•
Rural and urban area represent a
significant role into economy of
Thailand.
•
Agriculture part contributes
exceptionally in Thailand’s economy.
Adam Smith Model
•
The average value of labor force
participation rate for Thailand during
1990 2019 was 72.59 %, comparing the
world average in 2019 based on 181
countries is 62.28
•
Innovation, technology, and creativity
can offer a big data by artificial
intelligence are considered a new
value to economy in Thailand in recent
years, which expected to unlock the
challenges.
Economic Growth
•
Thailand made a remarkable progress in
economy and development last 4 decades.
•
The GDP growth rate of Thailand was
4.13 % in 2018
Data Sources / Time span
•
1 . HDI retrieved from The UNDP 1990 2017 ).
•
2 . Income GINI Coefficient retrieved from The UN Development
Program ( 2017
•
3 . Poverty headcount ratios at national poverty lines (percent of the
population) retrieved from The World Bank ( 2000 2018
Preliminary results / main observations
•
The HDI value in Thailand showing from 1980 to 2018
•
HDI is increasing gradually since 1980 which was 0.503 to reach 0.765 in
2018
•
Thailand s HDI value in 2011 is 0.729 , which in same year had upgraded
from lower middle to upper middle in income economy.
•
Thailand s Income GINI coefficient in 2017 is 36.50
•
The poverty headcount ratio in Thailand started at 69.60 % and it
declined to reach 7.80 % in 2017
Expected outcome
•
The HDI of Thailand will increase in future because of the constant
growth of the three components index.
•
The inequality and poverty rate in Thailand are increasing in latest
years, but there are a big awareness of problem and optimism to
get a better rate of inequality and poverty in future.
References
•
Data.worldbank.org. ( 2020 ). Poverty headcount ratio at national
poverty lines (% of population) | Data . [online] Available
https://data.worldbank.org/indicator/SI.POV.NAHC?locations=UA.
•
The ASEAN Post. 2018 Southeast Asia S Widening Inequalities .
[online] Available at: <https://theaseanpost.com/article/southeast
asias widening inequalities> [Accessed 23 April 2020
•
TheGlobalEconomy.com. 2019 Thailand Human Development
Data, Chart | Theglobaleconomy.Com . [online] Available at:
<https://www.theglobaleconomy.com/Thailand/human_development/>

Development Path
General Information
Students are to choose a developing country (any country does is not classified as high-income country by the World Bank https://datahelpdesk.worldbank.org/knowledgebase/articles/906519), and write a report on the evolution of economic development observed in that country since 1980. This will include, for example, statistics on economic growth; the change in per capita income levels, population, and other relevant statistics that characterise the level of development attained from 1980 to the present. The report will also analyse the key reason(s) why the country has performed the way it has over the past decades. This should include reference to the economic theories that are covered in the course.
The report should demonstrate your ability to:
• Explain the process of economic development and how socio-cultural, political, historical and economic factors affect this process.
• Research and gather the key economic statistics that characterise the economic development of the country chosen (e.g. income per capita and the Human Development Index).
• Highlight how this compares with other countries (if you choose to compare).
• Organise these statistics in a concise way (e.g. with tables and illustrations).
• Demonstrate a capacity to use economic principles in the analysis of the chosen development path and explain why the selected economy has performed the way it has (reflecting on how these principles fit within a broader global context).
• Plan and structure the report so that ideas\concepts are logically linked together.
• Demonstrate precise use of language.
The structure of the report:
1. Each report should be submitted in Word format, respecting the word count (no more than 2,000 words not including tables, figures and references), and using Times New Roman font, in size 12 with single line space. The report in Word format should include all relevant tables and figures.
2. The report should include the following general sections (subsections with their respective titles and subtitles can be added)
a. A title that must be of the following format: “(name of your country)’s Development Path”
b. A brief descriptive abstract (No more than 100 words)
c. A table of contents
d. A table of figures (graphs, diagrams, etc.) and tables
e. A brief introduction
f. The body of the report (with titles and subtitles of your choice)
g. A brief conclusion (note that you are NOT required to write recommendations)
h. A list of your references (at least five). Please use APA style in your citations and referencing.
Specific Contents of the Report
The specific contents of the report, including what development indicators you use and what development theories you refer to will highly depend on your chosen country and its characteristics. Please discuss the specific contents with your tutor. We usually recommend starting the analysis with the evolution of the chosen country’s Human Development Index (HDI) and its components and then focus on some important and interesting aspect in its development process.