Economic and Social Survey of Asia and the Pacific 1989

image of Economic and Social Survey of Asia and the Pacific 1989

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.



Policies for sustainable growth

The least developed and Pacific island countries of the ESCAP region have had an unpromising record of growth. Although some gain in per capita income has been achieved in many countries during the 1980s, the rate of growth is too slow to be perceptible. Even more serious is the fact that in most of these countries there are increasing risks to the sustainability of the growth process. These risks arise principally from three sources: deterioration of the environment, population growth, increasing poverty and deprivation of basic needs and social services. While some of these risks could be avoided by undertaking measures within the limited resources available and at the current levels of per capita income, increasing welfare levels on a sustainable basis would require the acceleration of growth to overcome these constraints. Moreover, acceleration of growth would greatly help in ending the isolation of these economies from the mainstream of regional and global development, which itself is as much a cause as an effect of their continued stagnation.


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