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.



Current economic developments and policies in the countries of the ECAFE region

Afghanistan’s GDP declined by 2.7 per cent during 1970/71 due mainly to a severe drought. Agricultural production dropped sharply and foodgrain prices soared. Exports increased marginally while commercial imports rose. Foreign debt servicing liabilities increased further and the inflow of project aid fell. The balance of payments recorded a deficit on current account.


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