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Economic and Social Survey of Asia and the Pacific 1995

image of Economic and Social Survey of Asia and the Pacific 1995

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. Please note: This issue of the Survey, published in 1995, has been titled 'Economic and Social Survey of Asia and the Pacific 1995'. It marks a break with the past practice of using the year preceding the actual year of publication in the title. Hence there will be no issue of the Survey under the title 'Economic and Social Survey of Asia and the Pacific 1994.'

English

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World economic developments and the ESCAP region

The pattern of recent economic development in the world points to a significant change in the nature of interdependence in the world economy. While the developing countries in the past mostly reacted passively to the level of economic activity in the developed world, it would now appear thatthese countries. particularly those in the ESCAP region, are beginning to exercise their own independent influence on the world economy. The continuing strong growth in the developing ESCAP region despite protracted recession in most industrial countries has shown that the economic growth process in the region has developed an internal dynamism and resilience that can survive strong external shocks transmitted from the rest of the world economy. Nevertheless, the region’s development will continue to be affected by global developments in such important areas as trade, investment, technology and financial flows.

English

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