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Economic and Social Survey of Asia and the Pacific 1983

image of Economic and Social Survey of Asia and the Pacific 1983

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.

English

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Macroeconomic performance of the developing ESCAP economics

The impact of the recession in the developed countries on the performance of the developing economies of the ESCAP region made itself felt most comprehensively during 1982. Since firm data on most economic variables become available only after about a year’s lag, the full significance of the slow-down in the growth momentum of Asian developing countries in 1982 has become clear only recently. With very few exceptions, the most important of which being China, developing ESCAP countries experienced a definite and significant slow-down in their growth rates in 1982. The incipient recovery in the United States and other developed countries since early 1983 has begun to have sufficient effect on some developing ESCAP countries to arrest and reverse the unfavourable trend of 1982. However, as yet, the effect of such a recovery has not been strong and evenly spread over the economies of the region.

English

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