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.



Fiscal policy for equity

With the exception of India and a few other countries, a real concern over equity as a clear and distinct development objective arose relatively late in the ESCAP region. Toward the end of the 1960s and the early 1970s, it be came apparent in a number of developing ESCAP countries, including some which had achieved sustained high rates of growth, that the share of the population in absolute poverty and the extent of inequalities among the major classes of society remained unacceptably high. This concern came to be almost universally shared as the 1970s proceeded. As a result, the equity objective had by the 1980s emerged as a key development strategy component in the region, with considerable attention being turned to the means whereby fiscal policy might be applied to this end.


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