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.



The least developed countries

The seven least developed countries in the ESCAP region — Afghanistan, Bangladesh, Bhutan, the Lao People’s Democratic Republic, Maldives, Nepal and Samoa — did not share in the general resilience displayed by the developing economies of the ESCAP region during the recession (1980-1983) and the improvement in growth rates in 1983-1984. The absence of signs of a firm beginning to improvements in their economic conditions is especially disquieting when viewed against the Substantial New Programme of Action for the 1980s for the Least Developed Countries, which aimed at accelerated economic growth and progressive structural transformation in these economies. The achievements of the objectives of the Substantial New Programme of Action, especially in regard to the international support measures, have remained well below the targets in the Programme. As a result, it is extremely doubtful whether the least developed countries in the region can expect to achieve these targets, even partially, given the present international economic environment for aid and trade.


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