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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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Production

In the latter part of 1957 and throughout most of 1958, production suffered reverses in the private enterprise and mixed economies of the ECAFE region. On the whole, although not of course in all countries, expansion of output in agriculture and industry came to a temporary halt; total agricultural output, in fact, in late 1957 and early 1958, declined, primarily as a result of unfavorable weather conditions. The falling off in agricultural output occurred primarily in Burma, India, Pakistan and Thailand. However, the year ended more cheerfully with what promised to be a bumper rice crop.

English

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