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Economic and Social Survey of Asia and the Far East 1958

image of Economic and Social Survey of Asia and the Far East 1958

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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Allocation of resources and problems of imbalance

ECAFE countries differ in regard to the relative importance of supplies from abroad as a part of the aggregate volume of current resources available for allocation. They also differ in the proportions normally claimed by investment and consumption. From one point of view, the claims of the government for its current needs and the private and governmental claims for investment may be considered as autonomous factors; what is left over is—ignoring changes in stocks—the supply of goods and services available to private citizens, and largely determines their current level of living. In centrally planned economies, this volume of goods and services is described as saleable output, as distinct from the output retained by the government for aggregate investment and its own current needs.

English

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