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Economic and Social Survey of Asia and the Far East 1958

image of Economic and Social Survey of Asia and the Far East 1958

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.

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The growth and structure of industry

In most ECAFE countries the development of modern, large-scale industry is the result of very recent efforts. The region’s per capita industrial production, therefore, is still far below the world average; and the share of industry in national output and employment remains, on the whole, much smaller than the share of agriculture. Capital goods industries have developed in some countries, especially in Japan, mainland China and India, and their growth rate has in fact been more rapid than that of consumer goods industries, but the production of consumer goods continues to predominate in the region. In many countries, cottage and small-scale enterprises still provide an important part of the industrial output and employment.

English

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