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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.

English

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Trade policies

The International Development Strategy for the Second United Nations Development Decade advocated a most important role for international trade and finance in over-all economic and social development. Particular emphasis was placed on the expansion and diversification of exports of manufactures and semi-manufactures from developing countries. For this purpose, developing countries were urged to collaborate and intensify their efforts through exportpromotion measures. Developed market economies, for their part, were requested to guarantee that no additional barriers be imposed against exports from developing countries and that existing barriers be reduced to facilitate trade expansion and diversification. Further emphasis was placed on the reduction or elimination of tariff and non-tariff barriers to the imports of primary commodities, including those in processed and semi-processed form, and preferential arrangements in regard to manufactures and semi-manufactures. Socialist countries of eastern Europe, on their side, were asked to give the trade needs of developing countries due consideration when formulating their long-term plans. It was stressed that measures should be taken to maximize and diversify imports of primary commodities as well as to increase imports of manufactures and semi-manufactures from developing countries so that they would form growing components in the socialist countries’ total imports of these categories.

English

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