What is the country that you are researching: Thailand

Thailand can be described as a newly industrialized country. They

Write a brief summary of the economic system of the country: Identify and
have a mixed economy, with the government providing infrastructure,
explain the type of economic system.
while the private sector makes up the rest of the economic system.
- As of 2017, Thailands poverty rates are at 10.5%. Compared to
the rest of Southeast Asia, Thailands rates are low, with the highest
being 25.6% and the lowest being 0.6%. Throughout the years,
Thailands poverty rates have decreased. Since there is such low
poverty rates, most people in Thailand have jobs.
- As of 2017, Thailands unemployment rates are at 1.1%.
Select three key economic indicators such as poverty rates, labor
Compared to the rest of the world, these rates are extremely low.
distribution, use of resources, etc. and analyze what this information says
Throughout the years, the unemployment rate has decreased. For
about the country, how does it compare to other countries, change over
example in 2001 the unemployment rate was at 6%. Since the rates
time, etc.
are so low, it shows the country is good at providing jobs for its people
and making it known that it is important to have a job.
- The Thailand until labor cost is at 99.99% as of 2017. Labor
costs are the sum of all wages paid to employees, as well as the cost o
employee benefits and payroll taxes. Compared to the rest of the
world, their labor costs are slightly below average.
Identify the GDP - per capita for the country. The GDP per capita in Thailand is $5,907.91 as of 2016.