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Economic and Social Survey of Asia and the Far East 1966

image of Economic and Social Survey of Asia and the Far East 1966

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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Introduction

The economic performance of the developing countries in the ECAFE region as a whole during the period 1960-1965 was far from satisfactory. Not only did their economic growth, especially on a per capita basis, lag behind that of the other developing regions of the world, but the trend of the rate of growth in the first half of the present decade also tended to be somewhat lower than that achieved during the second half of the 1950’s. In particular, the year 1965 was the worst from the regional point of view; the annual rate of economic growth for the developing ECAFE region dropped to as low as 1.9 per cent, representing a decline of per capita income by one half of one per cent.

English

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