Economic and Social Survey of Asia and the Far East 1972

image of Economic and Social Survey of Asia and the Far East 1972

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.



Industrial developments

The Strategy of the Second Development Decade envisaged an average annual growth rate of manufacturing output in developing countries by 8 percent. Developing countries should promote industry to achieve rapid expansion, modernization and diversification. They should expand industries that utilize domestic raw materials, supply inputs to both agriculture and other industries, and increase exports. They should prevent the emergence of unutilized capacity in industries. The Committee for Development Planning has further emphasized the promotion of labourintensive industries and removal of protectionism and other distortions that favour capital-intensive production.


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