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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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Foreword

The worst recession in half a century has cast a shadow over the growth prospects of the developing countries of Asia and the Pacific. In 1981, many of these nations managed to maintain the tempo of economic progress, but 1982 brought a general slow-down in growth rates under the grim pressures of lingering recession, high interest rates and faltering export earnings because of slack demand and increasing protectionism in the industrialized countries. The impact was felt not only in widespread development cutbacks and mounting fiscal imbalances but also by millions of people as unemployment rose and hardships worsened for the region’s ragged legions of rural poor.

English

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