Economic and Social Survey of Asia and the Far East 1956

image of Economic and Social Survey of Asia and the Far East 1956

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.



Hong Kong

A substantial increase in the total value of trade, a continuing high level of private and public construction activity and further progress in manufacturing combined to make 1956 a comparatively prosperous year in Hong Kong. Trade with most major trading partners increased; the estimated total value of trade for the year exceeded even that of 1950, a boom year because of the Korean conflict. Increased competition from manufactured products of Japan and other more recently developing countries of Asia, however, suggested the need for continued improvement in productivity.


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