Economic and Social Survey of Asia and the Far East 1951

image of Economic and Social Survey of Asia and the Far East 1951

This latest edition of the Survey analyzes current economic and social developments in the region against the background of events in the world economy. It also focuses on the serios problems of growth and transformation of the area's least developed and Pacific Island developing economies.



Money and credit

The demand for loanable banking funds in countries of the region, except Japan, has originated mainly from the financing of foreign and domestic trade. Even in India, about one-half of the demand is from this source. This state of affairs is easily explained by the slow economic development of some countries and by the limited industrialization of others. By contrast, in Japan, as in the industrialized economies of the west, the major demand for loanable banking funds originates from the needs of industry for short-term finance.


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