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Economic and Social Survey of Asia and the Pacific 1984

image of Economic and Social Survey of Asia and the Pacific 1984

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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International trade and public finance

After depressed conditions extending over two to three years, characterized by low commodity prices and weak demand for manufactures, the export sector of most developing countries in the ESCAP region revived in 1983. The resurgence continued into 1984, with some weakening in the second half. The extent of the recovery varied greatly among countries, depending largely on the composition of exports, the extent of the revival in the prices of principal export commodities, the economic adjustments made to keep exports competitive and the strength of economic recovery in principal export markets. In general, countries of the region with a large proportion of primary commodities in exports did not benefit from the effects of the recovery in the developed countries as much as those where manufactures predominated. In almost every country, exports of manufactures have performed better than exports of primary commodities.

English

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