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Economic and Social Survey of Asia and the Far East 1953

image of Economic and Social Survey of Asia and the Far East 1953

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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Indonesia

The Korean war boom caused serious inflation in Indonesia. Improvement in the terms of trade and expansion of exports led to a considerable rise in money, and also in real incomes, widely distributed through wage increases and rising prices of home-produced goods. Production, though responding to this stimulus, barely exceeded the pre-war level, and production per capita did not reach the pre-war level. The supply of consumers’ goods in particular did not keep up with increasing incomes, and rising expenditure led to strong upward pressures on prices.

English

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