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.



Foreign resources

In the trivial sense of an accounting identity, net foreign resource inflows, being the counterpart of a deficit in the balance of payments on current account, must equal the difference between domestic capital formation and domestic saving. While this says nothing of interest about the role of foreign resources in the process of economic development, it is a convenient starting point for a quantitative description of recent trends of foreign resource flows into developing Asia.


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