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.




The insurrection of 1948 dealt a severe blow to production, which had been well on the way to recovery. Nevertheless, the rising trend of output, and especially of agricultural output, was resumed in 1950/51, and by 1952/53 the pre-insurrection peak had been comfortably exceeded even though pre-war levels had not been regained. Moreover, the economy supported a gross domestic investment in relation to income much larger than before the war, even while substantial additions to foreign exchange reserves were being made.


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