Trends of economic development

In the first five chapters descriptions were given in detail of the human, natural and financial resources of countries in the region and the level and distribution of national income. It was shown that population pressure remains strong, the supply of skilled and technical personnel small, the financial resources very limited, and the productivity of labour low. Economic development has remained at a low level, as evidenced by the low per capita income. The preceding chapter reviewed the planning of economic development. Certain trends were indicated, namely the increasing role of the State in economic development, the extension of economic planning and the trend towards a mixed economy. In the present chapter are briefly described the objectives of economic development of the ECA FE countries, and an analysis is given of those trends which are not covered in other chapters of the Survey, especially the trend toward development of a balanced economy.

Sustainable Development Goals:

Decent Work and Economic Growth

Reduced Inequalities