Economic and Social Survey of Asia and the Pacific 2001

Financing for Development

image of Economic and Social Survey of Asia and the Pacific 2001

Following the impressive recovery in 1999, the economic performance of the ESCAP region strengthened further in 2000 in an environment of low inflation. Prospects for 2001 are mixed. 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.




Asia’s economic recovery made great progress this past year. Most of the economies hit hardest by the 1997 crisis posted dramatic output gains, inflation remained low, and the signs of social distress that emerged after the crisis have visibly abated. Many countries have shared in this improved growth performance, and the region as a whole is well on its way to regaining the economic dynamism that has long been its hallmark. Still, victory cannot be declared. Economic reforms must continue. Social expenditures must rise to eliminate the blight of poverty and to extend social security coverage. And governments must strengthen their commitment to good governance.


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