Is Thailand MEDC or a LEDC?

Answer 1

I would say neither, I would say it is an NIC. Although they have a higher Infant Mortality Rate (16/100) and Birth Rate (13/100), they are becoming more industrialized and although they have trade deficit, it is only at -1.3%. At such a low rate, it could be teetering back and forth between deficit and surplus. They are not totally lacking in resources either. They rank one of the highest exporters of automotive parts and very high in fish exports as well. Although they do not have the highest urbanization rate (34%), it is increasing. So, not less economically developed, but working its way up to more economically developed.

Answer 2

nic