... 80 billion (1999 est.) external debt. In terms of industrialization level, The World Bank considers Thailand a "developing- country even though the manufacturing sector has doubled as a percentage of GDP from 14 percent in 1963 to 28 percent in 1996. While Thailand has passed two out of the three "tests- of ... in industry as required by the Sutchiffe's test number three (Thomas, 16). Regarding Thailand's social development, the World Bank reported the estimated population for July 2000 as 61,230,874 with an annual growth rate of .93 percent. The majority of Thai lives in rural areas wit...

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