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Question 4
Using Figures 8a, 8b and your own knowledge, how far do you agree that Thailand has achieved a demographic dividend? Figure 8a shows the population structure for Th... show full transcript
Step 1
Answer
In analyzing Figure 8a, Thailand's population structure has evolved significantly from 1980 to 2030. In 1980, the population pyramid exhibits a broad base, indicative of high birth rates, with a notable decline by 2010, suggesting a transition from stage 2 to stage 4 of the Demographic Transition Model (DTM).
By 2030, projections indicate a narrowing base, pointing towards lower fertility rates and an aging population. The low percentage of youth in the pyramid supports the idea that Thailand is approaching a demographic dividend as it has more individuals in the working-age groups compared to dependents.
Step 2
Answer
The analysis supports the notion that Thailand has indeed moved towards achieving a demographic dividend. As fertility rates have decreased significantly—from 3.4 in 1980 to 1.5 in 2015—the ratio of working-age individuals has increased, thus potentially boosting economic productivity. However, the projections for 2030 show an increase in the aging population, which may imply the strain on economic resources.
Step 3
Answer
Figure 8b provides visual evidence of Thailand's economic growth and demographic changes from 1980 to 2015. Notably, adult literacy rates have risen consistently, from 88.0% in 1980 to 94.0% in 2015, suggesting an investment in human capital that is essential for economic development. The GDP growth rate fluctuated, reaching a peak of 5.5% in 2015, indicating a potential correlation between demographic transitions and economic performance.
Step 4
Answer
In conclusion, based on the interpretation of Figures 8a and 8b, it can be argued that Thailand has achieved a demographic dividend through lower fertility rates and increased literacy, which enhances the economic potential of the working-age population. However, the looming challenges of an aging demographic may pose risks that need to be addressed to sustain this dividend and bolster future economic growth.
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