1945

Development policy and international economic cooperation

World economic growth continued to be slow in 1992, after having contracted in 1991—the first such contraction in the post-war era. The sluggishness of world output was largely a reflection of the slow-down in some large developed market economies and the sharp decline in the transition economies of Eastern Europe and the former USSR. Although the developing countries as a whole were experiencing an acceleration in growth, not all were sharing in it; strong growth rates were almost entirely concentrated in Asia.

Related Subject(s): United Nations
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