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Economic and Social Survey of Asia and the Pacific 1974

image of Economic and Social Survey of Asia and the Pacific 1974

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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Guidelines for changes in development strategies: Planning for the masses

The basic long-run problems facing certain developing countries of the ESCAP region have been highlighted in parts I and II of the Review. It has been shown that the growth performance which appeared satisfactory for the region as a whole in the 1960s has been disappointing in the first three years of the Second Development Decade. The advent of high-yielding fertilizer-responsive varieties of grain seems to have lost its promise of ushering in a new era of prosperity for the rural masses; industrial development—after registering notable growth rates and indeed being the mainstay of the satisfactory over-all growth performance— has shown halting progress; the promises and expectations that the developed countries would support the development effort of the developing countries—by sharing the fruits of their high level of development in the form of development assistance— have remained largely unfulfilled.

English

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