Economic and Social Survey of Asia and the Far East 1971

image of Economic and Social Survey of Asia and the Far East 1971

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.



Economic growth and employment

In the developing countries, and especially in the ECAFE region, the task of seeking economic growth through rationalizing the factor mix and modernizing the state of technique while simultaneously seeking to improve living conditions by assuring the population at large a higher real income level has raised a number of fundamental conceptual and empirical issues. This chapter attempts to review some of these issues, to place them in a logical framework for further discussion, and to suggest a feasible and consistent policy orientation through which the developing countries of the ECAFE region may cope with the employment problem within the scope of their commitment to accelerating and sustaining economic growth.


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