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Economic and Social Survey of Asia and the Pacific 1987

image of Economic and Social Survey of Asia and the Pacific 1987

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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Instability and declining trend in primary commodity trade

The instability of the merchandise export earnings of developing countries in the ESCAP region, which in the short term is considerably greater than that in developed countries, arises largely from dependence on primary commodities. This instability is greater in the case of the least developed countries, and the developing Pacific island countries and territories, which depend predominantly on primary commodity exports. In these economies, the short-term instability of export earnings was about twice as high as the regional average during the past two decades, which added to their already disadvantaged and fragile economic situation.

English

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