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.



Developments in major sectors

Despite significant structural changes that have taken place in the last four decades, agriculture continues to be the most important sector in a majority of the developing economies in the ESCAP region. As a result, the performance of the agricultural sector is a key determinant of the region’s overall economic growth. A sharp decline in the agricultural growth rate to around 2.8 per cent in 1989 from about 7.3 per cent in 1988 was one of the major factors in the moderation of the region’s overall GDP growth rate in 1989.


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