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Economic and Social Survey of Asia and the Far East 1952

image of Economic and Social Survey of Asia and the Far East 1952

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.

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Raw materials

Prices of both agricultural and mineral raw materials rose rapidly in the Korean-war boom period and by 1951 or 1952 had generally doubled compared with 1949 level. The steepest price rise was in rubber which at its peak level was five and a half times the 1949 level. The rise in prices of agricultural raw materials started earlie r than th at of minerals, and was more rapid; and the collapse of the boom affected them first, with the down-turn of prices occurring in the first or second quarters of 1951. With the exception of tin the rise in prices of minerals lasted longer, and in many cases the peak was reached only at the end of 1951 or in the first qua rte r of 1952. There were a few commodities, however, such as copper, iron ore and manganese ore, whose prices continued to increase throughout 1952.

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