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Economic and Social Survey of Asia and the Pacific 1982

image of Economic and Social Survey of Asia and the Pacific 1982

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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Fiscal policy for stability

Fiscal policy is conventionally used in developed economies as an aggregate demand management tool to counteract fluctuations in income, employment, prices and the balance of payments. The term “ stabilization” has thus acquired multiple connotations. Whichever of these connotations may be accorded to the stabilization problem in a particular situation, the concern of fiscal policy in the developed economies remains essentially the regulation of demand conditions at the macro level.

English

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