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Economic and Social Survey of Asia and the Pacific 1992

Recent Economic and Social Development

image of Economic and Social Survey of Asia and the Pacific 1992

The annual Survey provides an extensive annual review of current economic and social trends within the Asian region and analyzes these developments against the background of events in the world economy. This publication is invaluable to every multinational corporation intending to expand their business in Asia or to invest in the region.

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Economic performance of the developing economies of the ESCAP region: 1991-1992

In spite of the recession in the world economy, developing economies of the ESCAP region continued to be resilient, with an economic growth rate of 6.1 per cent in 1991. In 1992, the average GDP growth rate of the develop ing economies of the region is estimated to have accelerated to 6.9 per cent. The trend is expected to continue, with a 7 per cent rate of growth projected for 1993. The growing strength of domestic demand, continued efficiency and competitiveness of exports, the market for which was becoming progressively diversified both within the region and outside, and the cumulative effects of domestic economic reforms geared to maintaining or restoring macroeconomic balance and providing incentives for trade and investment activities, were the underlying factors contributing to the region's resilience.

English

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