Economic and Social Survey of Asia and the Pacific 1988

image of Economic and Social Survey of Asia and the Pacific 1988

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.



International trade and balance of payments of developing economies in the ESCAP region

Consistent with its important role in the economies of the ESCAP region, international trade provided a strong stimulus to their economic growth during 1987-1988. Markets generally were buoyant for both primary commodities and manufactures in most parts of the world. Strong rates of economic growth in most industrial countries meant sustained demand for exports from the ESCAP region. Demand also remained high within the region itself. Of special significance for Asian exports since 1985 was the dynamic growth of the Japanese market, which benefited many economies, particularly those in East and South-East Asia.


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