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.



Fiscal and monetary matters

For fuller mobilization of domestic financial resources and their effective use, the International Development Strategy indicated that developing countries will pursue sound fiscal and monetary policies and, as required, remove institutional obstacles through the adoption of appropriate legislation and administrative reforms. They will give particular attention to taking, as appropriate, the necessary steps to streamline and strengthen their systems of tax administration and undertake the necessary reform measures. They will keep the increase in their current public expenditure under close scrutiny with a view to releasing maximum resources for investment. Efforts will be made to improve the efficiency of public enterprises so that they make an increasing contribution to investment resources.


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