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Economic and Social Survey of Asia and the Far East 1968

image of Economic and Social Survey of Asia and the Far East 1968

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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Major recent and prospective problems of economic policy

In reviewing development assistance in 1968, it is more than ever necessary to distinguish clearly between disbursements or utilization and commitments. Disbursements reflect past commitments as well as the utilization of funds committed in earlier periods which is determined by the capacity of administrations and economies to apply and absorb resources of very uneven utility. Only the sum of disbursements and the contents of the aid pipelines measure the available residue of past commitments. The year’s commitments are the minimum offer for the future. But while only a minimum, the trend of commitments is nevertheless an indication of the readiness of the developed countries as a group to release resources for development.

English

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