World Economic Survey 1968

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Part one: Some Issues of Development Policy in the Coming Decade, discusses problems and policies relating to the prospective growth of population, employment and educational requirements. It also examines policies for the acceleration of agricultural and industrial growth in the coming decade, analysing the increase in domestic and external resources required for this acceleration and considering the implication for policies of both developing and developed countries. Part two: Current Economic Developments, reviews the recent trend in the world economy, analysing the developments in 1968 and offering an outlook for 1969 as it appeared in the middle of the year.




It is the common hope that the pace of development in the coming decade can be quickened. When the General Assembly set a target of 5 per cent as the rate of growth in income and output to be attained by developing countries as a whole by the end of the present Development Decade, it may have seemed optimistic in the light of historical experience. However, while the present decade has not yet come to a close, it seems likely that the actual performance of the developing regions may not fall much short of this initial objective. If effective policies for growth are pursued in both developing and developed countries, there is no objective reason why such performance cannot be improved in the years to come. In this report, some of the issues which confront both groups of countries in reviewing their policies are discussed.


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