World Economic and Social Survey 1995

Current Trends and Policies in the World Economy

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Authoritative and reliable, the Survey is a detailed assessment of the state of the world’s economic and social situation. Its forecasts for the upcoming year and lucid description of national and international economic policies, emerging issues and trends make it ideal for the international businessman or economist. Issued annually, since 1948.



The international economy

While the rate of growth of output in a country is most directly the result of domestic factors, international linkages have reinforced the recent expansionary impulses in most countries, spreading demand internationally through the accelerating growth of world trade and transferring savings through financial transfers that holster investment in receiving cOlmtries. The economic recovery has also strengthened international commodity prices, which are so important to many countries, including some of the poorest. However, international linkages, especially fmancial ones, can also he channels for negative influences and these, too, can have ripple effects, as the experience since Mexico’s exchange-rate crisis in December 1994 has underlined.


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