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Economic and Social Survey of Asia and the Far East 1970

image of Economic and Social Survey of Asia and the Far East 1970

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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Introduction

The record of the developing ECAFE region during the First Development Decade is a mixed one. Measured purely in terms of aggregate growth in production, the First Development Decade witnessed success in most of the developing ECAFE countries. The target growth rate of 5 per cent, set by the United Nations General Assembly at the beginning of the decade, appears to have been achieved by a large number of countries in the region, and quite a few have recorded growth rates considerably in excess of the target. The better performance of the agricultural sector was an important factor in improving the growth performance of a number of developing ECAFE countries during the 1960s.

English

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