Economic and Social Survey of Asia and the Far East 1963

image of Economic and Social Survey of Asia and the Far East 1963

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.



Trade and finance

Trade between nations has been a most powerful factor in promoting their individual economic growth, especially when associated with a reinforcing development of industry. In the ECAFE region, Japan is the striking example of rapid economic growth through the joint interaction of trade and industrialization. Australia and New Zealand also reached comparatively high levels of development through trade, although in their case development owed much less, until comparatively recently, to any concomitant industrialization than it did to abundant land and increasingly efficient farming.


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