Economic and Social Survey of Asia and the Pacific 1993

image of Economic and Social Survey of Asia and the Pacific 1993

The annual Survey provides an extensive annual review of current economic and social trends within the Asian region and analyzes these developments against the background of events in the world economy. This publication is invaluable to every multinational corporation intending to expand their business in Asia or to invest in the region.



Economic transformation and social development

Until the 1950s, the developing countries of the KSCAP region were clearly in a state of underdevelopment. The economic and social situation in those countries was then characterized by: an agrarian and cottage-based produc-tion structure with practically no modern industry and production technology; virtual non-existence of modern economic and social infrastructure; low levels of productivity in traditional production Lines; low per capita incomes, and widespread poverty depriving vast segments of the population of their basic necessities of life. Hunger and malnutrition, illiteracy and disease, high birth and death rates and low life expectancy at birth were commonly observed.The list of existing economic and social malaise could be long and yet not exhaustive. Since then develop-ment has taken place and changes have occurred.


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