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Economic and Social Survey of Asia and the Pacific 1999

Asia and the Pacific into the Twenty-First Century - Information Technology, Globalization, Economic Security and Development

image of Economic and Social Survey of Asia and the Pacific 1999

This year's issue of the survey reviews the economic progress in the ESCAP region over the past year and analyzes population dynamics and their related policy implications. It also provides a regional perspective on the subject of 'Financing for Development' looking at such issues as: domestic and external resources; trends in and current distribution of Official Development Assistance; and reform of the international financial architecture.

English

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Social impact of the economic crisis

A number of countries in East and South-East Asia are experiencing economic and social shocks of unprecedented severity. Output has contracted, inflation has increased and unemployment rates have soared. The status of health and education has greatly deteriorated. This is in sharp contrast to the picture in the recent past when these economies saw high growth, low unemployment and visible improvements in many indicators of social development. The crisis threatens to reverse much of the past achievement. However, efforts are being made by national governments and the international community to minimize the damage. The primary objectives of this chapter are to analyse the impact of the economic crisis on selected social indicators and to indicate policy directions for the future.

English

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