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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.

English

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Foreign trade

World trade, which had expanded in value from 1955 at an annual rate of 8-10 per cent (trade between the Soviet Union, Eastern Europe and mainland China is not included in the totals), started contracting in the second half of 1957. The downward trend was accelerated in 1958. The dollar value of total world imports in the third quarter of 1958 was 12 per cent less than in the peak second quarter of 1957.

English

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